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SBD Global/May 23, 2014/Finance

'Disquiet' Within FIFA About $27M Spent By Blatter On Film About Governing Body

There "is disquiet among the FIFA executive" about President Sepp Blatter's "unilateral move" to spend an alleged £16M ($27M) funding a film about world football's ruling body, according to Charles Sale of the London DAILY MAIL. Several members of FIFA’s decision-making committee "were unaware" that United Passions, charting the history of FIFA and launched at the Cannes Film Festival this week, "had been made, let alone that Blatter had spent so much of the organisation’s money on the project." After the "massive investment on what is expected to be a huge box office flop," FIFA powerbrokers "have a number of questions for their leader." Namely, "why doesn’t FIFA’s funding of the film appear in the latest financial accounts?" What allocated budget "is the money coming from?" And "how can the spending be justified when FIFA are cutting costs knowing that the problematic Brazil World Cup is going to be a lot more expensive than first envisaged?" (DAILY MAIL, 5/21).
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