Panama Papers: UEFA offices raided

UEFA was raided by Swiss police on Wednesday and handed over evidence of a Champions League television rights contract with an offshore marketing agency implicated in the FIFA bribery scandal.

The Swiss attorney general's office said it requested raids on the European soccer body and "another enterprise" for suspected criminal mismanagement and misappropriation linked to dealings with Cross Trading, an offshore registered agency. Cross Trading is owned by two men indicted last year by American federal prosecutors who are working with Swiss counterparts to investigate suspected corruption in international soccer.

UEFA and its Champions League marketing agency TEAM Marketing based in Lucerne, Switzerland made a $111,000 deal with Cross Trading in 2006 for three seasons of broadcasting in Ecuador. The 2006 contract, co-signed by current FIFA President Gianni Infantino when he was UEFA legal director, was leaked from the database of Panama-based law firm Mossack Fonseca.

Infantino welcomes investigation

Swiss prosecutors said "for the time being, no specific individual is being targeted by these proceedings" which focused on the "acquisition of television rights."

In a statement later on Wednesday about UEFA and Cross Trading, Infantino said he welcomed "any investigation conducted into this matter. For the sake of transparency and clarity, it is essential that all elements of this dossier are disclosed, as UEFA has done.

"Based on these documents, it is clear that all contractual matters were conducted properly by UEFA."

Infantino said he would provide further clarification if needed, adding: "It is in my interest and in the interest of football that everything should come to light."

UEFA was raided now because its 10-year-old deal with now-indicted marketing executives, who are Mossack Fonseca clients, was revealed only on Tuesday.

"The suspicion motivating these proceedings is linked to these contractual relations," the Swiss federal office said.

Agency named in U.S. indictment

UEFA acknowledged that Swiss federal police "acting under a warrant" came to see its contracts with Cross Trading.

"Naturally, UEFA is providing the Federal Police with all relevant documents in our possession and will cooperate fully," the soccer body, based on the banks of Lake Geneva in Cross Trading was named in a U.S. Department of Justice indictment last May as part of a bribery and money laundering conspiracy linked to broadcasting and competition hosting rights in international soccer. The agency is a subsidiary of the Full Play group owned by Argentine marketing executives Hugo and Mariano Jinkis, who were indicted last May. The father and son are fighting extradition from Argentina to the United States.

UEFA previously said it had no commercial connections to people or companies indicted in the American case. However, after a vast leak of Mossack Fonseca archives was published by international media this week, UEFA has acknowledged its previous response was "inaccurate and incomplete."

"UEFA apologizes for this oversight," it said Wednesday, claiming it previously had too little time to study thousands of commercial contracts.

UEFA said the Cross Trading sale was at appropriate market value, and it had no knowledge of a reported subsequent deal in which Cross Trading sold on rights to the Teleamazonas channel for a $200,000 profit.

"The offer made ... was very much the `going rate' for this category of rights in comparable markets in Latin and Central America," UEFA said.

No suggestion of kickbacks

There has been no suggestion that bribes or kickbacks were paid at any stage of the deals.

Swiss prosecutors have previously targeted Infantino's former boss, UEFA President Michel Platini, and his predecessor as FIFA president, Sepp Blatter. The Swiss criminal proceeding against Blatter includes suspected mismanagement of undersold World Cup TV rights for the Caribbean region.

After 17 scandal-hit years of Blatter's presidency, Infantino was elected six weeks ago promising a cleaner and more transparent future for the world soccer body.

Infantino began his statement on Wednesday by saying "If my determination to restore football's reputation was already very strong, it is now even stronger."