FIFA has banned Venezuelan soccer official Manuel Álvarez for five years for enabling financial wrongdoing, misappropriation and misuse of money, and fined him nearly $1 million.
The ethics committee charged Álvarez with breaching 'duty of loyalty' and 'general duties' under FIFA's code, highlighting his serious misconduct in handling financial resources.
While FIFA allocates at least $2 million annually to each member federation, the specifics of Álvarez's financial misconduct remain undisclosed, indicating an ongoing lack of transparency in governance.
The effectiveness of FIFA's enforcement of the fine remains uncertain, especially if Álvarez does not return to any involvement in soccer.
Collection
[
|
...
]