Seven senior FIFA officials have been arrested by Swiss police in a morning raid in Zürich on corruption charges. The suspects allegedly accepted bribes worth $100 million over the past 20 years, though Sepp Blatter, FIFA’s president, is not among them. The arrests have been made on behalf of authorities in the United States and the individuals now face extradition. 14 officials have been charged in total. FIFA has managed to weather numerous storms of corruption in the past but this morning’s arrests in Zürich are certain to plunge the organization into turmoil.
FIFA certainly generates an astonishing amount of revenue. The tax exempt non-profit organization, buoyed by success of the 2014 World Cup, generated a record $2 billion in revenue last year. Compared to just 10 years ago, FIFA’s revenue figures are extraordinary. In 2006, when Germany hosted the World Cup, revenue “only” amounted to $749 million.