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Torneos y Competencias S.A.

FIFA scandal: Argentine firm agrees to $112.8 mn settlement

NEW YORK: Argentine sports marketing company Torneos y Competencias S.A. agreed Tuesday to pay $112.8 million to settle charges in the United States stemming from a massive FIFA corruption scandal, authorities said. Torneos "admitted to its role in the 15-year scheme, including its role in paying tens of millions of dollars in bribes and kickbacks to a high-ranking FIFA official to secure his support" for broadcast rights to the 2018, 2022, 2026 and 2030 editions of the World Cup, the US Attorney's Office for the Eastern…