FIFA blocks $20 million funding to CONMEBOL, CONCACAF

Monday February 1st, 2016

FIFA has blocked $20 million in funding to CONMEBOL and CONCACAF, Bloomberg News reports

“In light of current proceedings involving individuals related to CONMEBOL and CONCACAF, FIFA has put contributions towards these two confederations on hold until further notice,” the global soccer regulator told Bloomberg News. “We are currently assessing further steps to be taken to increase the level of assurance which may again enable FIFA to release such funds in the future.”

CONMEMBOL handles soccer in South America, while CONCACAF oversees the the sport in North and Central America and the Caribbean.

Both confederations have been at the center of the corruption scandal engulfing FIFA. A U.S. Department of Justice investigation into the sport resulted in charges against 39 individuals for various crimes such as racketeering, money laundering and wire fraud.

CONCACAF said in a letter to its members on Jan. 5 that the confederation had not received $10 million in payments from FIFA.

“Concacaf has fulfilled all of FIFA’s requests for documents and information regarding the new administrative, compliance, and procurement processes that have been implemented at the Confederation to ensure the issue is resolved in a timely manner,” CONCACAF said in an e-mail to Bloomberg News.

FIFA's special presidential election to find Sepp Blatter's replacement will be held on Feb. 26. 

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