FIFA facing ruin after €340m losses

FIFA have lost €340m over the last four years and are facing financial disaster, it was claimed today.

Scotland's FIFA vice-president David Will made the revelation about the losses in a letter to all national associations today, 24 hours before an extraordinary congress of football's world governing body.

The findings have caused several senior FIFA members to issue warnings of a looming financial catastrophe.

Lennart Johansson, UEFA president and a FIFA vice-president, said: "FIFA is in crisis both financially and organisationally. The whole integrity and credibility is in bad shape and they need to be restored.

He concluded: "The finances are in a mess and FIFA's president has taken FIFA to the brink of disaster."

David Will was appointed the head of an investigation team to look into FIFA's finances only for the audit committee to be suspended by President Sepp Blatter.