FIFA is still paying Sepp Blatter his estimated $6 million salary despite ban from football
Reuters
Blatter, along with Michel Platini, were kicked out of soccer in December when the FIFA ethics committee handed down 8-year suspensions for both over a $2 million conflict-of-interest payment FIFA made to Platini that was approved by Blatter and is part of a Swiss criminal investigation.
As Evans notes, Blatter was originally suspended for 90 days in early October which means Blatter will ultimately be paid five months of his salary during a period in which he was not serving as FIFA's president. Issa Hayatou, the president of the African Football, has been serving as the acting FIFA president and presumably is also being paid during Blatter's suspension.
While Blatter's salary is unknown, FIFA's financials do say that they paid out $39.7 million in salaries in 2014 to "key management personnel," which would include Blatter. Using that data and other pieces of evidence, Roger Piekle Jr. of Sporting Intelligence was able to make a strong argument that Blatter's salary is in the range of $6-16 million per year.
If we use the lower end of that range, that would mean Blatter will ultimately be paid at least $2.5 million during his suspension, which is more than the payment to Platini that led to the suspensions in the first place.
In 2011, Blatter claimed that his salary at the time was "$1 million, perhaps a bit more."
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market