28-05-2015, 21:38
|
#15
|
|
The Invisible Woman
Cable Forum Team
Join Date: Jun 2003
Location: between Portsmouth and Southampton.
Age: 73
Services: VM XL TV,50 MB VM BB,VM landline, Tivo
Posts: 40,358
|
Re: Blatter presides over new FIFA crisis
http://www.ibtimes.com/fifas-world-c...re-out-1941995
Quote:
The latest statement came from Kia Motors, a presenting sponsor of the World Cup along with Visa, Adidas, Gazprom and Coca-Cola. Kia is “extremely concerned about the legal proceedings being taken against certain FIFA executives and will continue to monitor this situation closely," the company said in a statement released today.
Hyundai, Kia’s parent company, also said it was “deeply concerned” in its own statement.
The announcement came after a very strongly worded statement from Visa on Wednesday demanding that the federation make changes to the way it conducts its business. "It is important that FIFA makes changes now," the statement said. "Should FIFA fail to do so, we have informed them that we will reassess our sponsorship."
|
However..
http://www.bbc.co.uk/news/business-32911782
Quote:
So why aren't these huge and powerful global companies doing what the UK culture secretary John Whittingdale has asked, and following the lead of Visa - which said it would review its sponsorship deal if Fifa does not clean up its act?
Well, part of the answer is implicit even in the less mild sabre-rattling of Visa. Because it is striking that even Visa only said it might review its commercial relationship with Fifa, not that it was doing so.
The point, according to well-placed executives, is that Coca Cola, Hyundai, Budweiser, McDonald's, Gazprom and Visa (among others) have signed legally binding contracts.
So they may not be able to get out of the contracts without paying spectacular damages - given that they are each believed to be paying Fifa up to $200m (£130m) over four years for the marketing opportunities associated with the World Cup.
|
Seems that Blatter has the upper hand..
__________________
Hell is empty and all the devils are here. Shakespeare..
|
|
|