Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egyptian-Algerian expert meetings held ahead of joint higher committee session    Al-Sisi directs acceleration of New Delta project, expanded land reclamation    Egypt's PM arrives in Angola for AU–EU Summit, holds talks with Croatian counterpart    Al-Sisi's categorical refusal halted Israeli proposal to move Gaza civilians into Sinai, former Mossad chief writes    US intensifies pressure on Venezuela as Trump administration labels 'Cartel of the Suns' a terrorist organisation    EGX closes mostly red on 24 Nov.    SCZONE attracts $21.1b in 10 years    Cairo to host 1st Egyptian–African Economic Conference to advance trade, investment, integration    Oil price hold near lows on Monday    Egypt, Qatar discuss expanding health cooperation, Gaza support    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Health minister opens upgraded emergency units, inspects major infrastructure projects    Egypt concludes first D-8 health ministers' meeting with consensus on four priority areas    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Visa becomes first FIFA sponsor to warn it could jump ship
Published in Ahram Online on 28 - 05 - 2015

Worried that their reputations will be tarnished by their links to FIFA, major sponsors are demanding that soccer's global governing body clean up its act, with Visa even warning it is prepared to jump ship.
Coca-Cola also made it clear it is unhappy with the scandals rocking the organization it and others support with millions of dollars a year. On Wednesday, seven officials were arrested in a dawn raid at a luxury hotel in Zurich while Swiss prosecutors opened criminal proceedings into FIFA's awarding of the 2018 World Cup to Russia and the 2022 tournament to Qatar.
Visa provided the most acute criticism, saying it expects the organization to take "swift and immediate steps to address" its issues.
"This starts with rebuilding a culture with strong ethical practices in order to restore the reputation of the games for fans everywhere," it said in a statement late Wednesday. "Should FIFA fail to do so, we have informed them that we will reassess our sponsorship."
Coca-Cola was also among the companies to take a harder stance. "This lengthy controversy has tarnished the mission and ideals of the FIFA World Cup and we have repeatedly expressed our concerns about these serious allegations," the company said in a statement.
The range of companies involved more or less directly with FIFA and the soccer world is large.
FIFA's partners, which are companies that support the soccer body through long-term contracts, include Adidas, Coca-Cola, Visa, Gazprom and Hyundai/KIA Motors. They have the right to use official FIFA trademarks in their advertising campaigns, exposure in and around stadiums and protection against ambush marketing.
There are second-tier sponsors, too, such as Budweiser and McDonald's, who pay to be involved during and around the World Cup tournaments themselves.
Beyond those corporations, there are companies that make deals with national soccer associations. Nike, for example, pays to have the Brazilian national team wear its shirts.
Though Nike was not referenced in the Department of Justice indictment that lay behind Wednesday's dawn raids in Switzerland, a "multinational sportswear company headquartered in the United States" is mentioned with regard to bribery allegations involving Brazil stemming back to a sponsorship deal in 1996.
Without directly referring to speculation it is that multinational company, Nike said it was concerned by the "very serious allegations" and was cooperating with authorities. "Nike believes in ethical and fair play in both business and sport and strongly opposes any form of manipulation or bribery," it said.
Besides the sponsors, there are also marketing agencies that buy up the media and marketing rights for different FIFA competitions and in turn sell broadcasting and merchandising rights to media companies and corporations. One such company is Traffic Sports USA, which was also named in the U.S. charges Wednesday.
Because of their more direct connections with FIFA, the sponsors and partners are among the most exposed to damage to their brands.
They will be more inclined to seek change than to end their commercial relations with FIFA, however, as these marketing deals are too lucrative.
Corporations with long-term connections to the World Cup know that ending their relationships with FIFA could hand over to rivals what is, alongside the Olympic Games, one of the crown jewels in sports marketing.
Several big sponsors have in recent months shown a growing willingness to voice their concerns publicly about a string of recent scandals.
Just last week, Adidas, Coca-Cola and Visa urged FIFA to push Qatar to improve conditions for migrant workers as the small Arabian Gulf country prepares to host the 2022 World Cup.
And at last summer's World Cup in Brazil, the sponsors of Uruguay striker Luis Suarez were quick to voice their aghast at his biting of Italian defender Giorgio Chiellini.
The views of the sponsors aren't something FIFA can ignore, as the sponsors provide almost a third of its revenues. Recent figures showed that the organization generated $5.7 billion in 2011-2014, which encompassed the Brazil World Cup, with sponsors and commercial partners contributing almost $1.6 billion.
"When a business sponsors an event or association such as FIFA, it is effectively tying part of its brand with them," said Peter Walshe, Global BrandZ Director at London-based Millward Brown. "There needs to be a fit and when trust issues threaten the organization, the sponsor will need to monitor whether that will have a negative effect on the trust of the brand."
(For more sports news andupdates, followAhramOnlineSportson Twitter at@AO_Sportsand onFacebookatAhramOnlineSports.)
http://english.ahram.org.eg/News/131368.aspx


Clic here to read the story from its source.