Live

LIVE: OTB Breakfast

07:30 AM-10:00 AM

LIVE: OTB Breakfast
Advertisement
Soccer

Questions over role of new FIFA president in TV rights deal raised by Panama Papers

New FIFA president, Gianni Infantino, has found his name embroiled in the massive financial ...



Questions over role of new FIF...
Soccer

Questions over role of new FIFA president in TV rights deal raised by Panama Papers

New FIFA president, Gianni Infantino, has found his name embroiled in the massive financial data leak, the Panama Papers.

Infantino was director of legal services of UEFA during a period in which the papers claim they completed deals with two figures who have been caught up in the FIFA corruption scandal. 

Contracts from 2003 and 2006, co-signed by Infantino, link UEFA with companies involved in the leak of over 11 million documents, known as the Panama Papers

Files in show that in 2006, the organisation sold rights for the Champions League, UEFA Cup and Super Cup in South America, which were bought by an Argentine company called Cross Trading.

Cross Trading immediately sold on to broadcaster Teleamazonas for "about three or four times the amount paid for them".

Cross Trading is a subsidiary of Full Play which is owned by Hugo Jinkis, who faces charges of corruption and bribery regarding the broadcast rights as a result of the probe from .

UEFA has denied any wrongdoing stating that the TV rights deals with Cross Trading were all above board, and it could not have known when the deals were done that Jinkis would later be involved in the FIFA scandal.

A statement from UEFA said "there is no suggestion whatsoever of any UEFA official or marketing partner taking any form of bribe or kickback, whether in relation to this tiny deal, or any other commercial transaction."

UEFA added that the rights were sold "pursuant to an open, competitive, tender process" and that "the TV contract in question was signed by Gianni Infantino since he was one of several UEFA directors empowered to sign contracts at the time". 

Via The Guardian

Download the brand new OffTheBall App in the Play Store & App Store right now! We've got you covered!

Subscribe to OffTheBall's YouTube channel for more videos, like us on Facebook or follow us on Twitter for the latest sporting news and content.


Read more about

Soccer