Panama Papers: Fifa boss Infantino dragged into scandal
New president signed deal with offshore company owned by FBI-indicted Hugo Jinkis while at Uefa
Fifa has been dragged into the Panama Papers scandal after it emerged that new president Gianni Infantino concluded an offshore deal with South American figures now facing extradition to the US over corruption charges.
The claims relate to deals signed off by Infantino, who has pledged to clean up world football, when he was a director of football's European governing body, Uefa.
They emerged in the massive data leak from law firm Mossack Fonseca in Panama that has sent shockwaves around the world.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The deal:
In 2006, Infantino, then working for Uefa, signed off on the sale of Champions League rights in Ecuador to a company called Cross Trading.
It paid $111,000 (£80,000) for the rights, but then sold them to Ecuadorian broadcaster Teleamazonas for $311,170 (£222,000).
The Jinkis connection:
Cross Trading, which was registered in the tiny South Pacific tax haven of Niue, was a subsidiary of another company, Full Play, owned by Argentine businessman Hugo Jinkis. He was subsequently caught up in the Fifa scandal which broke in 2015.
"Jinkis was alleged by US prosecutors to have handed over millions of dollars in bribes and kickbacks to football executives to obtain and retain media and marketing rights," reports The Guardian. "Jinkis, along with his son Mariano, is under house arrest in Argentina."
Uefa's claim:
When Fifa was hit by corruption claims last year, Uefa "denied doing business with any of the 14 people who have been indicted by the FBI in its investigation into corruption in world football", says the BBC.
The leak of the Panama Papers has proved otherwise and Uefa has since told the broadcaster that "the TV rights were sold to the highest bidder in an open and competitive tender process".
According to the Guardian, the organisation has also admitted to signing a hospitality sales agreement with a Brazilian company named extensively in the US indictment.
Infantino and Uefa denials:
Fifa's new head responded angrily to suggestions of wrongdoing in relation to the deal exposed by the Panama Papers.
"I am dismayed and will not accept that my integrity is being doubted by certain areas of the media," Infantino said. "As I previously stated, I never personally dealt with Cross Trading nor their owners as the tender process was conducted by Team Marketing on behalf of Uefa."
Europe's governing body has also backed its man. It insisted that the deal with Cross Trading was above board and that at the time, Jinkis was not under suspicion.
"There is no suggestion whatsoever of any Uefa official or marketing partner taking any form of bribe or kickback, whether in relation to this tiny deal, or any other commercial transaction," it said.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
4 ways to give back this holiday season
The Explainer If your budget is feeling squeezed, remember that money is not the only way you can be generous around the holidays
By Becca Stanek, The Week US Published
-
4 tips for hosting an ecofriendly Thanksgiving
The Week Recommends Coming together for the holidays typically produces a ton of waste, but with proper preparation, you can have an environmentally friendly gathering.
By Theara Coleman, The Week US Published
-
Jussie Smollet conviction overturned on appeal
Speed Read The Illinois Supreme Court overturned the actor's conviction on charges of staging a racist and homophobic attack against himself in 2019
By Peter Weber, The Week US Published
-
The 'Swiss model' shaking up the Champions League
In The Spotlight Uefa says the new format offers 'greater excitement' but critics say boredom is guaranteed
By Chas Newkey-Burden, The Week UK Published
-
The European Super League: a 90th-minute reprieve?
Why everyone's talking about A European court ruling has potentially breathed new life into the breakaway football league
By Richard Windsor, The Week UK Published
-
Saudi Arabia's 2034 World Cup: glitz, glamour and 'grimly inevitable'
Talking Point Critics claim country is guilty of sportswashing as it stands unopposed to host tournament
By Julia O'Driscoll, The Week UK Published
-
Fifa World Cup 2026 expansion: for the global game or for Fifa’s greed?
Talking Point The men’s tournament co-hosted by Canada, Mexico and the USA will have a record 104 matches
By Mike Starling Published
-
The biggest sports scandals of the 21st century
In Depth Lance Armstrong, Tiger Woods and football’s governing body have all shocked the world
By The Week Staff Published
-
Qatar 2022: a tainted World Cup?
Talking Point The most controversial Fifa World Cup yet is ready for kick-off
By The Week Staff Last updated
-
Zlatan vs. EA Sports: image rights row breaks out over Fifa video game
Speed Read Milan striker and Spurs star Gareth Bale call for an investigation
By Mike Starling Published
-
European Premier League: radical breakaway plot is revealed
Speed Read Liverpool and Man Utd are reportedly in talks to join new Fifa-backed tournament
By Mike Starling Published