FOOTBALL:FIFA - Fifa hits back at financial criticism as regards transparency

The world football governing body has defended itself against criticism of the lack of availability of monetary information relating to its 209 member associations

Fifa has promised to strengthen its member associations' financial governance and management following criticisms in a damning report by anti-corruption group Transparency International.

The report slammed the lack of availability of financial records from Fifa's 209 member associations, which it claims received more than $1million each in 2014.

According to Transparency International, 81 per cent of FAs have no financial records publicly available, and 85 per cent publish no activity accounts of what they do.

Cobus de Swardt, managing director of Transparency International, said: "The risk of corruption at too many football associations around the world is high. This problem is made worse by the lack of information such as audited financial statements by many associations.

"Fifa needs to enforce better governance on its members as well as on itself. The good that football can do is tarnished when corruption is allowed to flourish.

"Any incoming president of Fifa must make it a priority to create more accountable governance throughout the organisations from the bottom, as well as from the top."

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