The US Department of Justice has transferred $201 million (171 million euros) to the FIFA Foundation for the losses suffered by the football association FIFA and the American football associations Concacaf and Conmebol through decades of corruption.
The money has been looted by US justice from bank accounts of former executives who were involved and prosecuted for the corruption. The millions will go into a new fund overseen by the FIFA Foundation and will be used to support football-related projects worldwide.
“I am delighted to see that the money that has been illegally siphoned off from football is now coming back and being used for the purposes for which it was originally intended,” said FIFA President Gianni Infantino. “I would like to thank the US authorities for their commitment, their swift and effective approach to bringing these matters to an end and for their confidence. The truth is that thanks to their intervention in 2015, we were able to fundamentally change FIFA from a toxic organization to the highly regarded and credible global sports organization now.”
Infantino further said it will ensure that the funds are “properly used and provide tangible benefits to those who really need them”.