P. 1
FinalReport.pdf

FinalReport.pdf

|Views: 76,268|Likes:
Published by Jens Weinreich

More info:

Published by: Jens Weinreich on Apr 20, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

08/18/2013

pdf

text

original

5.34.

The Integrity Committee was able to identify evidence that establishes that funds
provided by FIFA to CONCACAF were used to purchase at least one of the parcels of the land
on which the COE was constructed. Furthermore, the timing of the purchases of each of the

171

DOC05931265.

172

Id.

173

Id.

174

DOC05931266.

175

Id.

176

DOC05930927.

177

DOC05931266, DOC05931263.

178

See supra paragraphs 4.6-4.10.

31

parcels in relation to funds transferred from FIFA to CONCACAF strongly suggests that such
funds were used to purchase all of the parcels.

5.35.

With regard to Parcel 3, which was purchased by Renraw on August 20, 1998,179
Warner sent a letter, dated January 18, 1999, to FIFA’s Head of Finance in which Warner
provided an accounting of how funds recently provided by FIFA to CONCACAF had been spent
on the COE project.180

In this accounting, Warner specifically described the recent acquisition of

Parcel 3 for $640,000.181

The Committee notes the descrepancy between the $640,000 purchase
price that Warner represenated to FIFA and the TT$2,450,250 (approximately $392,775)
purchase price that was reported in the memorandum of transfer.182

Warner did not inform the
FIFA Head of Finance that the parcel of land had been purchased by his company, Renraw, and
that it had not been purchased by CONCACAF.183

Separately, a report, dated April 7, 1997,
related to the COE and presented to the CONCACAF Executive Committee referred to Parcel 3
as “[r]ecently acquired property” for the COE.184

This report, like Warner’s January 18, 1999
letter to FIFA, did not disclose that the property was purchased by Warner’s company and not
CONCACAF.185

5.36.

With regard to Parcels 1 and 2, the timing of the land purchases relative to the
disbursements of FIFA/CONCACAF funds strongly suggests that Warner used the funds to
purchase those parcels. Payment records show that by March 15, 1996, the date of Renraw’s
purchase of Parcel 1,186

FIFA had transferred $1,950,000 to CONCACAF for the development of

the COE.187

By October 8, 1997 – the date on which Warner and Renraw became the sole
shareholders of CCAM, the titleholder to Parcel 2188

– FIFA had transferred $3,950,000 to
CONCACAF and guaranteed $6 million in funds ($4 million of which was already available to
CONCACAF) via the UBS Loan.189

5.37.

The following chart shows the relationship in time of funds secured for the
development of the COE and the related purchases of land, including: (i) Warner’s requests for
Executive Committee approval to raise funds for the COE project; (ii) transfers of funds to
CONCACAF for the COE development; and (iii) title transfers for each parcel of property.

179

DOC05930821, DOC05930851.

180

DOC05930862.

181

Id.

182

See supra paragraph 5.15.

183

DOC05930862, DOC05930821, DOC05930851.

184

DOC05930866.

185

DOC05930866, DOC05930821, DOC05930851.

186

DOC05930819, DOC05930831.

187

DOC05930940.

188

DOC05930820, DOC05930822.

189

DOC05930940, DOC04825024, DOC04825027.

32

Date

Event

July 28, 1995

Approval “in principle” of the COE by CONCACAF Executive
Committee.

January 11, 1996

FIFA transferred $250,000 to CONCACAF for development of the COE.

January 30, 1996

FIFA transferred $1,700,000 to CONCACAF for development of the COE.

February 16, 1996

Renraw was incorporated.

March 15, 1996

Renraw obtained title to Parcel 1 via a TT$1.8 million (approximately
$392,775) purchase from Lever Brothers West Indies Limited.

April 11, 1996

FIFA transferred $500,000 to CONCACAF for development of the COE.

May 17, 1996

FIFA transferred $500,000 to CONCACAF for development of the COE.

June 7, 1996

Warner, as a director of ANSA McAL, signed a special resolution
changing the company’s name to CCAM.

June 21, 1996

FIFA transferred $500,000 to CONCACAF for development of the COE.

August 12, 1996

FIFA transferred $500,000 to CONCACAF for development of the COE.
September 26, 1996 “C.O.N.C.A.C.A.F. Centre of Excellence” was registered as a partnership
between Warner and CCAM.
December 10, 1996 Warner requested and received approval from the Executive Committee to
obtain an additional $7.5 million in funding for the COE development.
December 12, 1996 CCAM was substituted for ANSA McAL on title to Parcel 2.
April 29, 1997

CONCACAF entered into a $6 million loan agreement with UBS, with
FIFA as guarantor. This funding was in lieu of the $7.5 million loan for
which Warner sought and received approval from the Executive
Committee on December 10, 1996.

May 2, 1997

UBS made available the first $2 million tranche of the April 29, 1997 loan.

August 29, 1997

UBS made available the second $2 million tranche of the April 29, 1997
loan.

October 8, 1997

The shares of CCAM were transferred to Warner and Renraw.
November 10, 1997 UBS made available the third $2 million tranche of the April 29, 1997
loan.
November 24, 1997 Warner informed the Executive Committee that the cost of the COE project
had increased to $16 million.

August 20, 1998

Renraw obtained title to Parcel 3 via a TT$2,450,250 (approximately
$392,775) purchase from Trinidad Concrete Products Limited.

October 3, 1998

Warner sent a letter to FIFA’s Head of Finance documenting an
arrangement for an additional $6 million in funding.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->