Friday, July 24, 2015

Fifa to discuss reforms with World Cup sponsors following corruption scandal


Football's governing body will meet with its key sponsors to assuage any concerns following the indictment of 14 people in connection with corruption
Fifa will meet with its main sponsors in August to discuss the reforms at football's world governing body, general secretary Jerome Valcke has announced.

Since the corruption scandal that rocked the organisation in May, Fifa has come in for criticism from Visa, McDonalds and Coca-Cola - three of its biggest sponsors for the World Cup.

In a statement, Visa threatened to "reassess" its relationship with Fifa, and Valcke confirmed discussions with all the body's partners will take place to deal with any concerns they may have.

"Clearly there were a number of sponsors - Coca-Cola, McDonalds and Visa - who have sent letters to Fifa," Valcke said at a press conference ahead of the World Cup 2018 qualifying draw.

"We sent to all our commercial partners an update, a summary of what has happened within Fifa since 2012 and the first reform process, what has been achieved.

"There will be a meeting next month between the main Fifa partners and Fifa to discuss with them the reform process.

"Definitely the current situation doesn't help us trying to sign new agreements and I'm sure that until the next election there will not be any major announcements, but there are negotiations ongoing around the world."

Fourteen people, including nine Fifa officials, were indicted by the United States Department of Justice ahead of the presidential elections for racketeering conspiracy and corruption.

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