"From an economic point of view, the cost of building a new stadium is not best described by the amount of money needed to build the facility but rather the value to society from the same amount of capital spent on the next best public project. Nigeria's government recently spent $330 million on a new national soccer stadium, more than the annual national government expenditures on health or education."
Jorge Hidalgo, acting president of the Costa Rican Football Federation, FEDEFÚTBOL, told the website AmeliaRueda.com that U.S. prosecutors are “mistaken” and that there was nothing inappropriate about a $27,500 wire transfer cited in the indictment as proof of wrongdoing.
ZURICH, Switzerland – Sepp Blatter won a fifth term as FIFA president on Friday in a dramatic end to an angry campaign dominated by a corruption storm that engulfed the leadership of world football.
FIFA President Sepp Blatter did not raise the many calls made for him to resign for Friday's election, as he opened FIFA's annual congress one day after seven top football officials were arrested as part of a U.S corruption inquiry.
As many amateur humorists on social media noted Wednesday morning, there's a certain appropriateness to the United States having been the country to articulate and disrupt alleged corruption within the governing body of international football. Here's why they can do it.
The acting president of the Costa Rican Football Federation (FEDEFUTBOL), Jorge Hidalgo described the news of Eduardo Li’s arrest as shocking, and “like the Turrialba Volcano finally erupted on all of us.”
Tens of millions of dollars had been discovered hidden away in offshore accounts in Hong Kong, the Cayman Islands and Switzerland, said Richard Weber, chief of the U.S. tax agency's criminal investigation division.
NEW YORK – Once the most important man in U.S. soccer, Charles "Chuck" Blazer turned on FIFA to become the central figure in a wide-ranging graft investigation that threatened Wednesday to bring the sport's world governing body to its knees.
"We continue to be troubled by the reports coming out of Qatar related to the World Cup and migrant worker conditions," credit card giant Visa said in a statement.
