Court case opens for bribes paid for broadcast rights to World Cups and Olympics
From 1989 to 2001, the world's biggest marketing company ISL/ISSM paid personal commissions 'or bribes' worth an unbelievable 138 million Swiss Francs (87,5 million euros) to sports officials and other persons involved in the dealing of sports TV and marketing rights.
This revelation of the biggest corruption scandal in sport known so far was thrown onto the table on Wednesday by a judge in the Swiss city of Zug, where a fraud trial concerning the collapse of sports marketing company ISL in 2001 entered its second day.
Six former employees of the now defunct ISL, which held media and marketing rights for events including the FIFA World Cup and the Olympic Games, stand accused of defrauding creditors millions of Swiss francs. Two of the defendants, Hans-Juerg Schmid and Christoph Malms, have now admitted that ISL paid undocumented 'commissions' to secure broadcast rights to major sports events.
More at: Play The Game
See also: Andrew Jennings
Submitted by Martin Slavin on Thu, 13/03/2008 - 12:27.
