Visa latest sponsor to mull pulling plug on FIFA

2015-05-28 4

Ultimately what might be the greatest agent for change at FIFA will be the money; the hundreds of millions that footballs’ governing body has persuaded and negotiated out of some of the world’s biggest business names in the form of advertising contracts, sponsorship deals, endorsements and partnerships.

Except that most of those names will run a mile to avoid their precious brands being polluted by the stain of wrongdoing.

Visa, Adidas, or Coca Cola have indicated their patience is all but over. Some critics increasingly complain that the sport has been hijacked by a secretive, unaccountable cabal.

“I think there is a good chance that we’ll see big companies who really care about their image actually think about moving their sponsorship elsewhere. So I think it won’t just be about renegotiation, I think the whole of football could really suffer from this,” said Forex.com’s Director of Research Kathleen Brooks.

Voices have been raised about the scale of corruption involved, for