FIFA's ethics committee has determined that 48 luxury watches given to officials as gifts at last year's World Cup will be donated to streetworldfootball, a charity working on football projects in Brazil.
The 48 Parmigiani watches, worth over £750,000 in total, were part of Brazil FA gift bags given to FIFA executives and the heads of the 32 football associations who qualified for the 2014 World Cup.
A statement read: "After having investigated the matter thoroughly, the investigatory chamber of the ethics committee found evidence that from the initially intended 65 watches offered by the CBF to football officials, several officials had, in fact, not received a watch.
"Following said investigations and after contacting all potential recipients, 48 watches were returned to the investigatory chamber of the ethics committee.
"The investigatory chamber of the ethics committee, led by its chairman Dr Cornel Borbely, decided that all watches returned to FIFA would now be donated to the international non-profit organisation 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."
FA chairman Greg Dyke had to pay £3,000 import duty on his watch before returning it to FIFA.
