The police raid on Fifa officials in Zurich that took place on 27 May has plunged the organisation into crisis and created new concerns over whether Qatar will be stripped of the 2022 World Cup.
The US Justice Department has charged a total of 14 figures connected to the organisation, including current and former Fifa officials.
Together they are accused of curruption schemes that span a period of 24 years and involve a variety of companies, including sports media and marketing firms.
Additionally, Swiss authorities have opened a separate criminal investigation looking specifically at the selection of Russia and Qatar as World Cup hosts.
If these investigations lead to Qatar being stripped of hosting the 2022 World Cup, it will deal the country a severe reputational blow, connecting the country to a serious corruption scandal and making headlines around the world.
The economic impact is a little harder to calculate.
Capital projects connected to the World Cup have been the main driver of growth in Qatar over recent years, as the country funnels cash into infrastructure ahead of the tournament, including transport projects and the construction of stadiums.
Fifa origionally announced that Qatar had been awarded the 2022 World Cup on 2 December 2010.
Since then, the value of active projects in Qatar has grown by 26 per cent, from $245bn to $308bn, as the country has ramped up its preparations.
This infrastructure activity has become a core part of Qatars current growth story.
In April, the state-owned Qatar National Bank (QNB) stated that Qatar saw an expansion of 6.2 per cent during 2014, driven mainly by infrastructure project activity.
Its data reveals that the non-hydrocarbon sector saw an expansion of 11.5 per cent over 2014, while the countrys oil and gas sector contracted by 1.5 per cent.
Despite the economys reliance on large infrastructure projects, many of which are connected to the World Cup, the cancellation of the World Cup in Qatar will not harm the countrys economy, and it could even have some beneficial consequences, according to analysts.
Paul Gamble, an analyst for the US-based ratings agency Fitch Ratings, says many of the infrastructure projects being built ahead of the World Cup would be built anyway as part of the countrys long-term strategy, dubbed Vision 2030.
These include the countrys $21bn metro project and its $20bn expressway programme, both of which are currently under execution.
Winning the right to host the World Cup has meant Qatar has had to front-load a lot of infrastructure projects so they are built by 2022, earlier than envisaged under Vision 2030, says Gamble. Losing the World Cup would make the project timetable more manageable, reducing the likelihood of unwanted economic side-effects.
Gamble says managing the countrys spending plan ahead of 2022 is hugely challenging due to the short time frame to the sporting event. Removing the 2022 World Cup would allow authorities to better sequence the planned projects, potentially mitigating economic side-effects, such as bottlenecks and unwanted market distortions.