Pakistan PM says nation giving "Befitting Reply" to Indian strikes    Health Minister orders expansion of residency training programmes to strengthen medical workforce    Egypt steps up export reforms with focus on quality standards, market insights, and global expansion    Egypt's FRA warns against unlicensed financial investment schemes    Gaza faces humanitarian collapse amid escalating Israeli offensive, healthcare breakdown    CIB Egypt extends EGP 2.45bn bridge loan to SODIC for North Coast 'June' project    Al Ismaelia, Coventry University Cairo partner on urban development education    Egypt's net FX reserves rise to $48.144b in April – CBE    Egypt's EDA backs local vaccine industry    Eurozone services stagnate, manufacturing lifts growth    Oman, Algeria agree on $298m investment, energy deals    Cabinet hails WHO measles-free status as milestone in Egypt's health reforms    Egypt's Public Business Min., EHA chairman explore cooperation    Euronext supports EU defence financing with new measures    Egypt's business leader hails tax relief package as key to trust    Israel expands Gaza offensive, drawing international condemnation    Egyptian FM addresses Arab Women Organization Conference opening    Egypt's Sisi praises Bohra community's restoration efforts of Islamic sites    Egypt, Saudi Arabia deepen health sector cooperation with comprehensive MoU    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.



FIFA to meet sponsors after reproaches from Coke, Visa, McDonald's
Published in Ahram Online on 24 - 07 - 2015

FIFA will meet its leading commercial partners next month after three of them increased pressure for major reforms to soccer's governing body following a series of corruption scandals.
FIFA Secretary General Jerome Valcke said that Coca-Cola, Visa and McDonald's had written asking for information about what was being done to clean up governance of the sport. He admitted that scandal had made it difficult to attract new sponsors.
"Clearly, there were a number of sponsors, mainly three, its Coca-Cola, McDonald's and Visa, who have expressed and sent a letter to FIFA, asking for information," he told a new conference in the Russian city of St Petersburg.
"Two or three days ago we received a letter from all of them offering to meet together, so there will there will be a meeting next month."
Criticism of FIFA's governance came to a head in May when U.S. prosecutors indicted nine soccer officials, most of whom had FIFA positions, and five marketing and broadcasting company executives over a range of alleged offences.
These included fraud, money-laundering and racketeering.
Valcke added that FIFA has been keeping its partners informed of developments.
"We sent (information) to all our commercial partners, not just those three," he said. "We sent them an update, a summary, of all that has happened within FIFA since 2012 since the first reform process started, (of) what has been changed within FIFA's administration and around FIFA."
"Definitely, the current situation doesn't help to finalize any new agreements, it's a fact, and I'm sure that until the next election, until February 26, there (will be) no major (sponsorship) announcements."
FIFA President Sepp Blatter is stepping down and a replacement will be chosen in February. Valcke also signaled that he would be leaving his job then.
New partners
Valcke said that despite the current difficulties there was still enough time before the 2018 World Cup, to be held in Russia, to sign up new partners.
The current sponsors have been goal in demanding changes.
Earlier this month, Coca-Cola urged Zurich-based FIFA to support the creation of an independent body to reform the way it is run.
McDonald's said it had told FIFA that it's internal controls and compliance culture were not consistent with expectations it has for its business partners.
Visa joined in the criticism on Thursday when it also called for an independent reform commission to be set up.
"We seek to partner with those who think and act like us," said Visa Chief Executive Officer Charlie Scharf. "I don't believe that FIFA is living up to these standards."
FIFA announced on Monday that it would set up a task force to recommend reforms, however this will be made up of representatives from the continental soccer confederations.
Those confederations are also responsible for electing the members of FIFA's executive committee.
(For more sports news andupdates, followAhramOnlineSportson Twitter at@AO_Sportsand onFacebookatAhramOnlineSports.)
http://english.ahram.org.eg/News/136103.aspx


Clic here to read the story from its source.