Why has this emerged now?Suddeutsche Zeitung obtained 11million documents from the files of the offshore financial law firm Mossack Fonseca, which is based in SW Dzenai Panama. The German publication shared the files with the International Consortium of Investigative Journalists (ICIJ). The contract was among those documents.
FIFA president Gianni Infantino has become embroiled in the Panama Papers affairWhat is the detail in the contract?UEFA sold its broadcasting rights for club competitions to an Argentinian company called Cross Trading, which was registered in Niue, the South Pacific tax haven. According to ICIJ, Cross Trading paid US dollars $111,000 (now £78,780) and immediately sold the rights on to Ecuadorian broadcaster Teleamazonas for $311,170 (£220,800).
The two contracts were for 2003 to 2006 and 2006 to 2009. In 2006, then UEFA secretary Infantino co-signed a contract to sell television rights for the Champions League and other club competitions in a deal with Hugo Jinkis and his son, MarianoWho was the deal done with?Cross Trading is a subsidiary of a company called Full Play, which is owned by Hugo Jinkis. Hugo and Mariano Jinkis, his son, are now under house arrest in Argentina after being implicated by US law enforcement officials in the football corruption scandal.
What did UEFA say?Uefa had initially denied doing business with any of the 14 individuals indicted by the FBI. 'At the time of our initial response we had not had the opportunity to check each and every one of our (thousands) of commercial contracts and so cheap Soul Worker Dzenai the answer given was initially incomplete,' UEFA said on Tuesday.