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CONCACAF retains adviser to help clean house after FIFA scandal (Reuters)
By Euan Rocha TORONTO (Reuters) - CONCACAF, the regional body that oversees soccer in North and Central America, said on Tuesday it has retained restructuring specialist Alvarez & Marsal to assess its operations and help it clean house in the wake of the FIFA bribery scandal. A number of former CONCACAF officials, including former president Jeffrey Webb and his predecessor, Jack Warner, have been ensnared and indicted in the scandal, which has grabbed headlines across the globe. CONCACAF, or the Confederation of North, Central America and Caribbean Association Football, said Alvarez & Marsal will do a four- to five-week review of CONCACAF's operations and recommend certain improvements to financial reporting processes, spending and cash-flow management, third-party vendor relationship management, and organizational effectiveness. More...
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