Government to channel major share of Qatar deal proceeds toward debt reduction: Finance Minister    Germany, Egypt sign €50m debt swap for renewable energy grid connection    Grand Egyptian Museum fuels hospitality, real estate expansion in West Cairo    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt's gold reserves surges to $16.55b in October – CBE    Giant CMA CGM ship transits Suez Canal, signaling return of megavessels    Egypt's MSMEDA helps 18,000 SMEs win EGP 1.25b in state contracts    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Iraq's PM says holding elections on schedule is a 'major event' for the state    Russia's Putin appoints new deputy defence minister in security shake-up    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    Egypt to adopt World Bank Human Capital Report as roadmap for government policy    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches new cancer pharmaceuticals sector to boost drug industry localization    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    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.



Despite FIFA scandal, the show goes on for South American soccer
Published in Ahram Online on 03 - 07 - 2015

When Chile hosts Argentina on Saturday in the final of the quadrennial Copa America tournament, little may seem out of the ordinary unless the home team, which has never won a major soccer competition, pulls off an upset.
Behind the scenes, though, it is a wonder the event came off.
The tournament's organizer, the grouping for South America's national soccer federations, is scrambling for financing and fretting over the fate of senior officials, many of whom were indicted or described as “co-conspirators” in the ongoing U.S. probe into corruption in the world's most popular sport.
Also, the top three executives of the confederation's key partner are under arrest. The company purchased marketing rights for this and the next three Copa America tournaments, and the executives are accused of masterminding a bribery scheme involving $110 million in promised kickbacks.
Somehow, the 12-nation tournament still proceeded, just two weeks after U.S. prosecutors unveiled their indictments.
What's more, none of the many broadcasters, sponsors or other third parties with contracts for the future Copa Americas have cut ties with the tournament.
Despite corruption at the bodies that govern soccer, fans find the sport irresistible. Because the alleged fraud has not been linked to the many third parties at Copa America, it is business as usual for most companies.
“If you yourself did not break the law and you believe that you signed a valid contract, you have no real incentive to change it,” says one Europe-based attorney and expert on media rights, who requested anonymity because in the past he advised FIFA, soccer's global governing body, on television contracts.
Still, big problems could be coming.
Midway through the three-week tournament, officials at Conmebol, as the South American confederation is known, said they were scrambling to cover a shortfall caused when Swiss authorities blocked the bank account of Datisa SA. That Uruguay-based company had purchased the marketing rights, and its Argentine and Brazilian founders were indicted.
Datisa still owes the confederation more than half of an $80 million payment that was due during the tournament. So Conmebol had to tap a contingency fund.
Last week, Carlos Chávez, Conmebol's treasurer, said in an interview that the confederation could eventually break its contract with Datisa, but that would be difficult because of subsequent contracts Datisa signed with others.
Datisa says Conmebol has not yet broached any rupture. The company already has contracts signed with broadcasters, sponsors and other subcontractors for the 2019 and 2023 tournaments and a special centennial edition of the event scheduled next year.
None of those parties has sought to break or renegotiate contracts, says Jochen Loesch, president of international business for Traffic Group, the Brazil-based company that is one of the Datisa partners and whose Brazilian founder has already pled guilty to U.S. fraud charges.
“No client is seeking this,” Loesch wrote in an email.
Loesch declined to specify what broadcasters or sponsors already have rights to future editions. Major broadcasters across South America, including Brazil's Rede Globo, Chile's Canal 13, Colombia's Caracol Televisión and others currently broadcasting the tournament, declined to comment.
At Conmebol, officials said they were eager for the current edition to wrap up so they could start to determine what's next.
“We had to make this tournament work given the circumstances,” says Néstor Benítez, a spokesman at the confederation's headquarters in Asunción, Paraguay. “But we don't really know what happens now.”
(For more sports news andupdates, followAhramOnlineSportson Twitter at@AO_Sportsand onFacebookatAhramOnlineSports.)
http://english.ahram.org.eg/News/134483.aspx


Clic here to read the story from its source.