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Corruption: 3 more sponsors dump FIFA

By News Express on 23/01/2015

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Three famous sponsors, Castrol, Continental and Johnson and Johnson today severed their ties with the world soccer ruling body, FIFA. This is coming after Sony and Emirates shut their doors against the troubled football body, according to a report by Anadolu agency. It noted that the withdrawal of the three sponsors is unconnected with the bribery allegations that hit the football body.

FIFA, according to the report, receives approximately $1.5 billion in revenue from its sponsors every four years:

“German tire manufacturer Continental has had a sponsorship deal with FIFA since 2003. British industrial and car lubricant firm Castrol has been a FIFA sponsor since 2008 and U.S. pharmaceutical and medical devices company Johnson and Johnson had dealt with FIFA since 2011.”

It is reported that the firms did not make any statement about their withdrawals but it has been suggested that bribery claims regarding the 2018 FIFA World Cup being given to Russia and the 2022 FIFA World Cup to Qatar had an effect.

After the bribery claims, many countries, especially England, called for current FIFA president Sepp Blatter to become ineligible for the upcoming FIFA chairmanship election.

It is expected that FIFA vice president for Asia, Prince Ali Bin al-Hussein of Jordan, will collect signatures to compete against Blatter.

Source News Express

Posted 23/01/2015 08:18:25 AM

 

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