The company entered its guilty plea to the United States District Judge Pamela Chen in Brooklyn.

The Federal Court stated the company agreed to pay a $500,000 (£360,000/€406,000) bribe to then FEDEFUT President Eduardo Li, with a total of $300,000 (£215,000/€244,000) having been paid to the official before his arrest in Zurich on May 27, 2015.

Li's arrest came as part of a police raid on a hotel in Switzerland, which saw the detention of a number of football officials in a corruption probe by authorities.

Mimo had provided clothing and sponsorship fees to FEDEFUT due to a 2012 sponsorship agreement, with was due to run through to 2018.

The court stated that the company sought to terminate the sponsorship in 2014, because Mimo's owners would receive a multi-million dollar rescission fee.

It is alleged that to induce Li to terminate the agreement, the company agreed to pay the bribe of $500,000.

"Li then terminated the 2012 agreement and on behalf of FEDEFUT entered into a sponsorship agreement with an American sports apparel company," the federal court stated.

"Mimo paid Li over $300,000 of the $500,000 bribe, in United States currency, before Li's arrest on May 27, 2015 in Zurich, Switzerland.

"Mimo representatives did not tell the American sports apparel company about the bribe, and told Li not to tell the American sports apparel company about it.

"Li pleaded guilty to racketeering conspiracy and other offenses on October 7, 2016, and admitted in his allocution, among other things, that he had agreed to this bribe."

The American sports company were not named by the court.

"This plea is just one in an increasing pile of investigations and cases the FBI and our law enforcement partners from around the world have been pursuing for years," said William Sweeney, FBI assistant director-in-charge.

"It shows we're not slowing down in our efforts to stop greedy, criminal behaviour casting a dark shadow on a game the world reveres.

"There will be more to come, and we won't stop until those who take money under the table and use it for their own illicit purposes get the message that they will get caught."

As part of the plea, Mimo will pay $500,000 to the FEDEFUT, as well as receive a $900,000 (£648,000/€732,000) fine.

They have also agreed to dissolve within 90 days.

Li pleaded guilty to one count of racketeering conspiracy, one count of wire fraud and one count of wire fraud conspiracy in October 2016.

The former Confederation of North, Central American and Caribbean Association Football Executive Committee member was banned for life by FIFA last April.

In December, former FIFA vice president Juan Angel Napout and ex-Brazilian Football Federation head Jose Maria Marin were convicted of racketeering and wire fraud conspiracies in New York.

Napout was convicted on three counts of wire fraud conspiracy and Marin was found guilty on a total of six counts.

Former Peruvian Football Federation President Manuel Burga was acquitted of all charges.

Out of 42 individual defendants, 24 have cut deals with prosecutors, hoping for lighter sentences in exchange for cooperation.

Some defendants remain in their home countries, either charged or being tried for similar crimes, or fighting extradition to the US.