Financial ace Webb makes FIFA history

Cayman’s football chief Jeffrey Webb has made his mark at a FIFA congress in a very special way.


Webbs presentation was well received. Photo: Submitted

The opening ceremony of the 58th FIFA Congress on at the Sydney Opera House on May 29 marked the first-ever time that FIFA’s supreme and legislative body has ever convened in Australia.

More than 1,000 people, including representatives from FIFA’s member associations and the confederations, as well as many other officials, guests and observers joined FIFA President Joseph Blatter, Australia Prime Minister Kevin Rudd with many other dignitaries.

The theme was: ‘Develop the game, touch the world, build a better future’.

On the second and final day of the congress, Webb, President of the Cayman Islands football Association made his presentation. He is also the Deputy Chairman of the FIFA Internal Audit Committee, member of CONCACAF Finance and Youth Committee, and chairman of the Caribbean Football Unit Finance Committee.

He presented the internal auditing committee report on the work of the Internal Audit Committee at the FIFA Congress.

It was the first time in FIFA’s 104 year that a non- European presented the FIFA finances.

In his address to the congress, Webb said: ‘For various reasons, 2007 was an eventful year. Several exceptional situations and occurrences led FIFA to expand our risk management practices and, in particular, to reinforce our internal control system through the introduction of additional measures.

‘Our internal organisation regulations were also subjected to a thorough review. Pursuant to the mandate given by the Zurich Congress last year, we will be able to rely on the expertise of KPMG for our external audit for the next years’

Webb in conclusion requested that FIFA Congress approved the consolidated financial statements for 2007. He also emphasised the importance of FIFA acheiving its equity goal of $800 million by 2010 and recommended that congress also approves the 2008-2010 revised budgets.

After Webb’s report the 208 countries in attendance responded unanimously approving that the financial statement and the budget be approved.

Chuck Blazer, secretary/treasurer of CONCACAF, said: “We are very proud of the professional presentation made by Jeffrey Webb to the FIFA Congress. I had tremendous pride in seeing one of our own among the few principle presenters to the FIFA Congress. Jeff is now recognized for his consistent good work in FIFA.”