No comment on $200K pay for board: FIFA

FIFA has declined to comment on claims that annual payments were doubled for executive committee members after their bonuses were stopped.

FIFA has declined to comment on claims that annual payments were doubled for executive committee members after their bonuses were stopped.


British newspaper The Sunday Times reports that the 25 board members now get a $200,000 stipend for their part-time duties. FIFA spokeswoman Delia Fischer says "we do not comment on allegations." Fischer says executive payments are agreed by a remuneration panel. The three-man group is led by FIFA's audit committee chairman Domenico Scala and includes FIFA senior vice president Julio Grondona of Argentina.

Scala stopped bonuses for board members last December, later telling The Associated Press "there was no relationship in logic for them." Payments to executives, including President Sepp Blatter's salary, are not specified in FIFA's financial report. In 2013, FIFA paid $36.3 million to ``key management personnel."
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Sports › No comment on $200K pay for board: FIFA
Text Size:AAA
Success
This article has been saved

*

+