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.
SPORTS: SOCCER :
ORGANIZATIONS: NAMED ORGANIZATIONS:
FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION (FIFA) :
CRIME AND CRIMNALS:
Heres How Major FIFA Sponsors Are Reacting to the Scandal
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Heres How Major FIFA Sponsors Are Reacting to the Scandal
Claire Zillman
Fortune
Time
May 28, 2015
http://time.com/3899907/fifa-sponsors-coke-visa/
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After nine FIFA officials were arrested, sponsors are in the spotlight
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The dollar figures associated with the FIFA are all outsize, including the
amount of money it garners every year from marketing partnerships. In
2014, it was $177 million.
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The corporations that contribute to that sum immediately became the target
of scrutiny on Wednesday when the United States Department of Justice
unsealed a 47-count indictment that charged nine FIFA officials and five
sports marketing executives with racketing, wire fraud and
money-laundering.
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The indictment placed FIFA sponsors in a pickle: should they continue to
market their products through a sport with millions of fans but whose
governing body is allegedly seeping with corruption?
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Cue sponsors delicate dance.
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The complete articles may be read at the URLs provided for each.
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How Fifa makes and spends its money
By Paul Sargeant
BBC News
29 May 2015
From the section Europe
http://www.bbc.com/news/world-europe-32923882
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Fifa, football's governing body, is being investigated by US and Swiss
authorities over claims of corruption. Fourteen people, including senior
officials, are accused of accepting bribes and kickbacks estimated at more
than $150m (97m) over a 24-year period.
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How does the Zurich-based multi-million-pound organisation make its money
and what does it spend it on?
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