Tags: MidPoint | Rick Horrow | FIFA | charges | corruption | international | investigation

Rick Horrow: 'FIFA Has a Lot of Explaining to Do'

By    |   Wednesday, 27 May 2015 06:36 PM

In light of the indictment of nine FIFA officials over allegations of corruption, sports business expert Rick Horrow says that "FIFA has a lot of explaining to do" about the charges.

"Let's remember this is a global intra-cooperative investigation that involves the top police investigative units all over the world," Horrow, CEO of Horrow Sports Ventures, told Ed Berliner on "MidPoint" on Newsmax TV Wednesday.

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"A lot of people are singularly upset at how FIFA has done business and it crosses borders. This is not just an issue of the U.S. not getting the 2020 World Cup and Qatar getting it, it crosses all over every element of soccer," Horrow explained.

"Take a look at the numbers — 209 countries, 41 organizations. They make about $7 billion a year from annual operations and by the way, some of it, that 70 percent of it, is from the TV rights to the World Cup," he said.

"If the World Cup is going to a place that people don't like, that is a beginning of the investigation. If the process is scandalous, there's another issue," he contends.

"What strikes me is the scope of this investigation. The fact that there are a number of people that have pled guilty, and it's been sealed for a couple of years means there are a lot of facts that the law investigators have been working on for the last two years based on guilty pleas before they even came to today," Horrow added. "It is a massive investigation."

The FIFA officials are facing 47-counts of racketeering, wire fraud and money laundering that took place over two decades.

Attorney General Loretta Lynch released a statement following the arrests, saying that "the indictment alleges corruption that is rampant, systemic, and deep-rooted both abroad and here in the United States."


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In light of the indictment of nine FIFA officials over allegations of corruption, sports business expert Rick Horrow says that FIFA has a lot of explaining to do about the charges. Let's remember this is a global intra-cooperative investigation that involves the top...
Rick Horrow, FIFA, charges, corruption, international, investigation
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2015-36-27
Wednesday, 27 May 2015 06:36 PM
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