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US Department of Justice awarded FIFA $201million compensation 

FIFA, world football’s governing body, and two other organizations in the US will receive around $200 million in restitution from the US government after the Justice Department classified them as victims in a corruption scandal that overthrew most of their leadership in 2015. In compensation for former officials’ criminal activities, FIFA has been awarded $201 million as noted in the latest football news.

On Tuesday, FIFA confirmed that the Department of Justice had awarded the FIFA Foundation a $201 million compensation package. This sum, seized from the bank accounts of the officials charged, covers FIFA, CONCACAF, and CONMEBOL’s losses as “victims of decades of football corruption schemes.”

The funds will be put in use for the newly established World Football Remission Fund, which will aid in the funding of football-related projects, confirmed FIFA. “I am delighted to see that money which was illegally siphoned out of football is now coming back to be used for its proper purposes, as it should have been in the first place,” said FIFA President Gianni Infantino in a statement.

“I want to sincerely thank the US Justice authorities for their efforts in this respect, for their fast and effective approach in bringing these matters to a conclusion, and also for their trust in general. The truth is that thanks to their intervention back in 2015, we have been able to fundamentally change FIFA from a toxic organization at the time, to a highly esteemed and trusted global sports governing body.”

“Thankfully, we are well past that unfortunate period in history now and it’s great to see significant funding being put at the disposal of the FIFA Foundation, which can positively impact so many people across the football world, especially through youth and community programs.”

CONMEBOL, the South American federation, confirmed in a separate statement that it would receive $71 million as part of the package. CONMEBOL stated that the funds would be used for youth camps, education, refereeing and coaching courses, community outreach, and women’s football.

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