Sponsors of the FIFA World Cup have released statements expressing their serious concern at allegations of “rampant, systemic and deep-rooted corruption” at the heart of the organisation.
The companies – which include some of the world’s best-known brands – spend tens of millions of dollars every year to be associated with FIFA tournaments, and the arrests of seven senior officials could place the lucrative sponsorship deals in danger.
Swiss police are also preparing to question another 10 senior FIFA executives over their decision to award World Cups to Russia and Qatar.
McDonald’s, The Coca-Cola Company, Adidas, Budweiser and Hyundai have all released comments following Wednesday’s dramatic arrests at a five-star Zurich hotel.
Visa issued the strongest statement however, threatening to “reassess its sponsorship” unless the football governing body takes “swift and immediate steps” to address the allegations… see more