By John Kell and Alan Murray
May 27, 2015

Is soccer the most corrupt sport in the world?

 

That’s a high bar, but events unfolding this morning suggest it may get crossed. Swiss police have arrested six officials of FIFA, the governing body of the sport, in a dawn raid on a luxury hotel in Zurich on suspicion of accepting bribes and kickbacks in return for lucrative marketing rights to tournaments in Latin America. The Swiss made the arrests at the request of the U.S. attorney’s office in the Eastern District of New York, which has issued arrest warrants for 14 people on charges ranging from money laundering to fraud and racketeering for offenses that spanned 24 years. You can read the press release from the Department of Justice here.

 

The Swiss also say they have opened a separate criminal investigation in FIFA’s operations pertaining to the 2018 and 2022 World Cup bids, “won” by Russia and Qatar respectively.

 

Meanwhile, all the turmoil in the media business doesn’t seem to be dampening CEO pay. Six of the ten highest paid CEOs in the U.S. last year worked in media, according to an Associated Press analysis.

 

More news below.

 

 

 

Alan Murray
@alansmurray
alan.murray@fortune.com

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