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Blatter accused of selling World Cup TV rights at cut price to Warner

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Blatter accused of selling World Cup TV rights at cut price to Warner
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Switzerland’s Sepp Blatter reportedly sold off television rights for the 2010 and 2014 World Cups to former FIFA vice-president Jack Warner at a knockdown price.

According to Swiss television channel SRF, the 79-year-old signed off the screening rights for South Africa and Brazil to Warner for approximately 530,000 euros, a mere 5% of their true market value.

Warner then sold the rights to the Jamaica-based cable TV station SportsMax in 2007 for a fee reported to be between €15m and €20m.

FIFA has been embroiled in a major corruption scandal since the arrest of seven of its officials on May 27 attending a FIFA congress in Zurich to elect a new president.

On Monday, the American and Swiss justice ministers are due to hold a joint press conference in Zurich to provide an update on the progress of their respective corruption investigations.

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