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FIFA’s $2 Billion Loan Deals to Swiss Capital Gets Pushback

  • Bern’s refinancing loans from FIFA angered some politicians
  • Lending is done as part of prudent financial planning: FIFA

Officials in Switzerland are pushing back against borrowing from FIFA after the football governing body’s loans, totaling 1.8 billion Swiss francs ($2 billion) to the capital Bern, drew criticism.   

Councilors in Bern tabled a motion on Thursday that would require the city to draw up and apply governance rules on how — and from whom — it borrows, following reports detailing its loans from Zurich-based FIFA, including 35 financing deals since 2017.