Fifa's €113m Irish company
AN Irish company owned by FIFA and with Sepp Blatter as a director had revenues of €113m during its eight years in business.
FIFA Ireland Ltd was established in 2001 for tax purposes. The company, which had an office in the IFSC, had no directly employed staff in the period covered by its accounts.
However, during that time it received millions in revenue from the sale of licensing rights relating to the 2002 World Cup. It also transferred massive sums to FIFA in Zurich in licence fees.
Sepp Blatter, who stepped down as FIFA president this week, was a director for seven years, the company was dissolved in 2009. Last night FIFA said that its Irish business, was "in full compliance with all relevant laws and regulations".
Football Association of Ireland officials were directors of the company but not paid.