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Latin American Economy & Business - June 2015 (ISSN 1741-7430)

Corruption embedded in Latin American football business model?

On 27 May the US attorney general Loretta Lynch filed a 160-page indictment against 14 top officials in FIFA (Fédération Internationale de Football Association), the world football’s top body. Senior FIFA officials were arrested in Switzerland or put on Interpol’s wanted lists. Lynch alleged that corruption was deeply embedded in FIFA’s affairs. According to the indictment, much of the foul play has taken place in Latin American and Caribbean football. Despite initially shrugging off the scandal and securing his re-election, the longstanding FIFA president, Sepp Blatter, was days later forced to announce that he would step down by the end of this year (although his actual departure still looks to be up in the air). Here, we look at the state of the regional football business.

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