Recovered funds to further benefit football development — Concacaf
MIAMI, United States — The US Department of Justice (DOJ) announced yesterday that it will return to Concacaf and its affected member associations US$70 million in funds recovered from individuals and entities implicated in the long-running investigation of corruption in world football.
The DOJ also announced that it will return misappropriated funds to two other international football organisations, Fifa and CONMEBOL.
From Concacaf’s perspective, this announcement concludes a long-term legal effort, prioritised by Concacaf President Victor Montagliani since he assumed office in 2016, to recover football development funds misappropriated by previous Concacaf administrations.
Since 2015, Concacaf actively assisted the DOJ in its efforts to investigate, charge, and convict corrupt officials within Concacaf, Fifa, and other football confederations.
“Concacaf further assisted the DOJ’s efforts to identify, recover, and return to Concacaf and its affected member associations the funds those individuals misappropriated through their criminal acts. Today’s decision by the DOJ to restore the funds in order that they can be invested in the development of football is the culmination of those efforts,” Concacaf said in a press release.
The restored funds announced by the DOJ total US$201 million in the aggregate, reflecting not only money misappropriated from Concacaf by its prior leadership, but also money misappropriated from Fifa and CONMEBOL by their prior administrations. These football organisations have agreed that the funds will be managed and distributed through the Fifa Foundation, ensuring that the money will now be used exclusively as it would have been if it had not been stolen, which is for football development at all levels in the Concacaf region and elsewhere.
“This is a hugely important announcement for Concacaf as these funds will now be used for what they were originally intended for — the development the development programmes to give children a chance to play the game, for youth competitions and coaching courses to be delivered in our region and for many more football activities,” said Concacaf president and Fifa Vice-President Victor Montagliani.
“I want to thank our member associations who have been fully supportive of this process, further demonstrating their commitment to our One Concacaf approach in everything we do. While today’s announcement relates to a complex investigation and process by the US Department of Justice, for Concacaf it is ultimately about delivering on our priority to ensure good governance and to being ‘football first’. We are committed to working with the Fifa Foundation to make certain these funds benefit football at all levels in our region and beyond,” added Montagliani.