Del Nero property portfolio raises Brazilian eyebrows

Marco Polo del Nero

By Samindra Kunti
June 29 – Marco Polo Del Nero’s real estate assets have grown 175% since joining the Confederation of Brazilian Football (CBF) in 2012 as vice-president, according to Brazilian newspaper Folha de Sao Paulo. It has increased speculation and suspicion around Del Nero, the current CBF president, about management of the federation and its finances.

Del Nero and his organisation have faced intense scrutiny of late as Brazilian football has been engulfed by the aftermath of the FIFA scandal. Del Nero rapidly exited Switzerland last month the day after the Swiss police arrested seven FIFA executives, including former CBF president Jose Maria Marin, on suspicion of various corrupt practices.

Brazilian authorities have launched their own probe into allegations of widespread corruption in domestic football. Brazilian football’s top official is feeling the heat, also having lost prestige as a FIFA and CONMEBOL executive committee member. Del Nero lost support in South America after ignoring CONMEBOL’s call to vote against Blatter.

At home Del Nero had to call for an extraordinary general assembly of the CBF to quell growing discontent and a possible revolution in Brazilian football. The CBF statutes were changed to limit the mandate of the president to two four-year terms.

Now Folha de Sao Paulo has revealed that Del Nero’s real estate assets have nearly doubled since he first became vice-president of the CBF in 2012. His real estate property, both in Rio de Janeiro and Sao Paulo, was worth €930,000, now it’s valued at €2.5 million. Del Nero spends €45,000 per month on real estate. Since becoming CBF president, Del Nero earns around €58,000 through various salaries. He has stated that he is in full compliance with the law.

This weekend Brazil exited from the Copa America after a quarterfinal defeat at the hands of Paraguay after penalties. Del Nero confirmed that coach Carlos Dunga will stay in charge of the Brazilian team for the upcoming qualifiers for the 2018 Russia World Cup.

Contact the writer of this story at moc.l1731691744labto1731691744ofdlr1731691744owedi1731691744sni@i1731691744tnuk.1731691744ardni1731691744mas1731691744