Advertisement
Canada markets open in 5 hours 5 minutes
  • S&P/TSX

    22,259.47
    +312.06 (+1.42%)
     
  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     
  • DOW

    38,852.27
    +176.59 (+0.46%)
     
  • CAD/USD

    0.7309
    -0.0013 (-0.17%)
     
  • CRUDE OIL

    78.62
    +0.14 (+0.18%)
     
  • Bitcoin CAD

    87,936.86
    -1,223.41 (-1.37%)
     
  • CMC Crypto 200

    1,319.09
    -46.04 (-3.37%)
     
  • GOLD FUTURES

    2,322.10
    -9.10 (-0.39%)
     
  • RUSSELL 2000

    2,060.67
    +24.95 (+1.23%)
     
  • 10-Yr Bond

    4.4890
    -0.0110 (-0.24%)
     
  • NASDAQ futures

    18,156.00
    -39.50 (-0.22%)
     
  • VOLATILITY

    13.59
    +0.10 (+0.74%)
     
  • FTSE

    8,288.95
    +75.46 (+0.92%)
     
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • CAD/EUR

    0.6789
    -0.0003 (-0.04%)
     

Sepp Blatter reelected as FIFA president 2 days after bombshell arrests

sepp blatter
sepp blatter

(Philipp Schmidli/Getty Images)

Sepp Blatter has been reelected as FIFA president, holding on to the position he has held since 1998, after Prince Ali bin Al-Hussein of Jordan withdrew prior to a run-off vote.

Blatter's win comes two days after nine current and former high-ranking FIFA officials were arrested on corruption charges in a dramatic early morning raid in Zurich.

Blatter was not charged. Before the election, he said he could not be held responsible for the misdeeds of others within the organization he has controlled for the better part of two decades.

Blatter beat Prince Ali with 133 of the 209 votes in the first round of voting, falling short of the needed two-thirds majority and forcing a second vote that would have needed just a simple majority.

ADVERTISEMENT

Each FIFA member state got a vote in the election. While the ballots were secret, it's widely assumed that most if not all of the 101 member states in Africa and Asia voted for Blatter. The US voted for Prince Ali, according to US soccer head Sunil Gulati. It's believed that many European countries did as well.

While much of the western world remains baffled that Blatter is still in power, he's still popular among soccer officials in smaller nations because of the way FIFA funding for football development has been evenly distributed regardless of a country's size or infrastructure during his reign.

NOW WATCH: FIFA chief Sepp Blatter: You can't blame corruption on the organization



More From Business Insider