A total of 48 luxury watches confiscated from top FIFA officials after the Brazil World Cup will be donated to a charity in Brazil. Valued at $25,000 each, The Brazilian Soccer Federation revealed that a Parmigiani Fleurier SA watch was contained in each of the 65 gift bags distributed to representatives of each of the 32 competing nations and someone from each of member country of the regional governing body during the 2014 tournament.

This is one of the several plans outlined to rid the governing body of its culture of corruption. 

FIFA ethics committee have thus “decided that all watches returned to FIFA would now be donated to the international non-profit organization streetfootballworld, who will directly invest all resources generated through the sale of the watches into initiatives across Brazil that use football to drive social change,” the panel said in an e-mailed statement. “The investigatory chamber of the Ethics Committee considers the matter to be closed.”