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Montevideo, September 19th 2018 - 03:31 UTC

FIFA prunes salaries and perks of top officials: US$ 1.53 for Infantino

Wednesday, September 7th 2016 - 19:14 UTC
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Infantino also gets a car and lodgings paid during his term of office and “expenses in accordance with FIFA’s expenses regulations ($2,000 per month)” Infantino also gets a car and lodgings paid during his term of office and “expenses in accordance with FIFA’s expenses regulations ($2,000 per month)”
The salary agreement comes a few months after he had labeled a US$2m salary offer from FIFA audit panel chairman Domenico Scala as “insulting” The salary agreement comes a few months after he had labeled a US$2m salary offer from FIFA audit panel chairman Domenico Scala as “insulting”
FIFA ex president Sepp Blatter was paid a total of US$3.7m in 2015. But this did not include annual salary increases, World Cup bonuses and other incentives FIFA ex president Sepp Blatter was paid a total of US$3.7m in 2015. But this did not include annual salary increases, World Cup bonuses and other incentives
“The FIFA president’s annual compensation represents less than 25% of his predecessor’s compensation (average 2010-2015 including bonus),” said FIFA “The FIFA president’s annual compensation represents less than 25% of his predecessor’s compensation (average 2010-2015 including bonus),” said FIFA
Thomas Peyer from Switzerland now has the role of FIFA’s chief finance officer, replacing Markus Kattner who was fired because of the corruption scandal Thomas Peyer from Switzerland now has the role of FIFA’s chief finance officer, replacing Markus Kattner who was fired because of the corruption scandal

Gianni Infantino has accepted a salary of US$1.53 million a year, with FIFA No.2 Fatma Samoura set to receive US$1.3 million. Under the contract, Infantino also gets a car and lodgings paid during his term of office and “contribution for expenses in accordance with FIFA’s expenses regulations ($2,000 per month)”.Samoura has the same benefits but lodgings are not included.

 There is no bonus for either in 2016 but they will be eligible for bonuses in 2017, the FIFA panel which set terms of the agreements said.
Infantino’s salary agreement comes a few months after he had labeled a US$2m salary offer from FIFA audit panel chairman Domenico Scala as “insulting”. Scala quit in the fallout from the row.
By way of comparison, the disgraced former FIFA president Sepp Blatter was paid a total of US$3.7m in 2015. But an internal investigation by FIFA attorneys revealed evidence in June that Blatter, former secretary general Jerome Valcke and ex-finance director Markus Kattner had enriched themselves through annual salary increases, World Cup bonuses and other incentives totaling more than US$80 million in the years before FIFA’s financial watchdog was formed.
“The FIFA president’s annual compensation represents less than 25% of his predecessor’s compensation (average 2010-2015 including bonus),” said the FIFA statement.
Blatter and Valcke were banned from football earlier this year. The former FIFA chief took his case to the Court of Arbitration for Sport; his case was heard on Aug. 25.
The compensation sub-committee decided bonuses would not be awarded for 2016 as its members, Infantino and Samoura “believe that FIFA’s current compensation policy is inadequate and open to malfunction and misuse”.
“Bonus payments from 2017 onwards will be awarded in accordance with objective criteria related to FIFA’s mission and operations as well as the outcome of the organizational reforms that are currently being implemented,” the sub-committee said.
The FIFA sub-committee added that all elements of the top officials contracts were in line with Swiss law and FIFA rules and regulations. All amounts paid this year will be presented in FIFA’s 2016 financial and governance report.
Commenting on his salary package, Infantino said: “Given the earlier misunderstandings and misrepresentations concerning this process and my compensation, I am pleased that this matter is now resolved and that I have a signed, valid employment contract.
“I am determined that abuses of the system will not happen under my presidency.”
Tomaz Vesel, chairman of the FIFA compensation panel, described the salaries for FIFA’s leaders as “absolutely appropriate considering the challenging duties of the president and the secretary general”.

In related news, Thomas Peyer from Switzerland started in the role of FIFA’s chief finance officer, replacing Markus Kattner who was fired in a corruption scandal. Peyer joins from Kuoni Group where he was group CFO.

He has 25 years' experience in the financial sector. Peyer previously worked as a project manager for AXA Winterthur Insurance in Zurich and London.

FIFA sacked deputy secretary general Kattner in May after a 13-year career at the federation for breaching ethics rules. The 45-year-old is alleged to have awarded himself bonuses running to millions of dollars over a number of years.

 

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  • ChrisR

    I thought U$D 1.53 was too much. :o)

    Sep 08th, 2016 - 06:59 pm 0
  • Max

    dirty,corrupt UEFA,,FIFA who never see small countries and their teams !

    Sep 09th, 2016 - 11:33 am 0
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