German FA Hit with €110,000 Fine Over 2006 World Cup Scandal
Source: news.source.channelnewsasia
A German court has fined the German Football Association (DFB) €110,000 for a payment related to the 2006 World Cup that was at the center of a long-standing scandal. The payment, which was originally declared as a tax-deductible expense for the World Cup, was used for another purpose, leading to tax discrepancies. The DFB is considering an appeal after reviewing the court's written verdict.
Key Points
The German Football Association was fined €110,000 by the Frankfurt Regional Court over a payment related to the 2006 World Cup.
The payment of €6.7 million, initially declared as a tax-deductible expense for the World Cup, was used for a different purpose, leading to tax issues.
The DFB stated that the court's ruling focused solely on 2006 and did not consider the overpaid taxes from 2002.
The fine was reduced by €20,000 due to the excessive length of the proceedings.
The payment had been linked to allegations of a slush fund used to buy votes for Germany's 2006 World Cup hosting bid.
A previous investigation suggested the payment was a loan repayment via FIFA from former Adidas chief Robert Louis-Dreyfus.
The DFB is considering an appeal after reviewing the court's written verdict.
