Zurich - FIFA's ethics committee has donated 48 luxury watches it recovered from soccer officials to a non-profit organisation.
a FIFA congress organised on the eve of last year's Soccer World Cup in
Brazil, the Brazilian confederation (CBF) distributed gift bags with the
watches to football officials including members of FIFA's executive
The CBF initially said the Parmigiani watches were
given to a group of 65 officials, but the investigatory chamber of the
ethics committee said it found evidence that several of them did not
receive the watch.
After ruling they were unauthorised gifts, the
investigatory chamber of the committee decided against opening
disciplinary proceedings against the officials who had received the
watch on the condition that they returned it.
all potential recipients, 48 watches were returned to the investigatory
chamber of the Ethics Committee," FIFA said in a statement, without
mentioning if some of the watches were still missing.
said that the Brazilians obtained the watches from sponsor Parmigiani
for $8 750 (R125 000) each. But an appraisal found that the watches had a market
value of $26 600 (R380 000).
The watches will be given
to an organisation named streetfootballworld, "who will directly invest
all resources generated through the sale of the watches into initiatives
across Brazil that use football to drive social change."
"The investigatory chamber of the Ethics Committee considers the matter to be closed," FIFA said.