DISGRACED former Fifa official Jack Warner made a profit of around £11 million on World Cup television rights that Sepp Blatter sold him for a fraction of their true value, it was revealed yesterday.

Swiss television channel SRF has published a contract that Blatter signed off in 2005 for the broadcast rights for South Africa 2010 and Brazil 2014 to be sold to the Warner-controlled Caribbean Football Union (CFU) for $600,000 (£389,000).

Investigations have shown that Warner, at that time CFU’s president, sub-licensed those rights to his own Cayman Islands-registered company J & D International (JDI). In 2007, JDI sold on the rights to Jamaica-based cable TV station SportsMax for a value that the broadcaster reported on its own website as being between $18m and $20m.

The revelations highlight the questionable relationship between the outgoing Fifa president Blatter and Warner, his one-time backer and Caribbean powerbroker.

According to court documents in the Cayman Islands, Jeffrey Webb — Warner’s successor as president of the Concacef confederation — was a director of JDI at the time of the deal. Both Webb and Warner are facing corruption charges in the United States.

Fifa’s deal with the CFU included an agreement for a 50 per cent share of any profits from sub-contracting the rights but few, if any, payments from profit share were ever made by Warner and in July 2011, a month after he resigned from Fifa following bribery allegations, Fifa terminated its contract with the CFU.

It was not the first time Fifa had given Warner TV rights for a knockdown price — in 1998 he was awarded the 2002 World Cup TV rights for Trinidad and Tobago for just $1, a practice that had begun under Blatter’s predecessor Joao Havelange.

Warner’s JDI also sold the 2006 World Cup rights to the Caribbean for $4.25m (£2.75m) dollars in 2001.

The SRF programme published a contract signed by Blatter showing the TV rights for the 2010 World Cup had been sold for $250,000 and the 2014 tournament for $350,000  to the Warner-controlled CFU.

Fifa responded by issuing a statement saying: “On September 12 2005, Fifa signed a contract with the Caribbean Football Union regarding TV broadcasting rights.

“Under the terms of this agreement Fifa was to receive a fixed licensing fee as well as a 50 per cent share of any profits related to the subcontracting of these rights.

“The CFU made several breaches to the contract and failed to meet its financial obligations. The obligations concerning the required pre-approval for subcontracting were not met either.”