blatters survival in doubt after sponsors resignation call
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Blatter's survival in doubt after sponsor's resignation call

Arab Today, arab today

Arab Today, arab today Blatter's survival in doubt after sponsor's resignation call

FIFA president Sepp Blatter
Lausanne - Arab Today

After powerful FIFA sponsors demanded his immediate resignation, a key question surrounded Sepp Blatter on Saturday: can the sleaze-tainted president of world football's governing body survive until his planned departure in February?

Coca-Cola, McDonald's, Visa and Budweiser in separate statements Friday called on Blatter to step down, a week after Swiss prosecutors opened a criminal investigation against the 79-year-old over mismanagement.

But Blatter remained defiant, saying his departure would not be in FIFA's best interests and that he had no plans to resign before February, when a special election has been called to choose his replacement.

That position may prove untenable.

Exposure of the rot within FIFA had previously sparked widespread calls for immediate change, but the rare display of unity from four major companies marked the first time key financial backers had explicitly demanded Blatter's resignation.

"The sponsors have the financial power to force change at FIFA," said Cobus de Swardt, managing director of the corruption watchdog Transparency International.

 - Blatter vs. the money -

 The unprecedented crisis within world football began on May 27, when nine FIFA officials and five sports marketing executives were charged by the US Justice Department over bribery worth more than $150 million (133 million euros) dating back to 1991.
Blatter was re-elected as FIFA's president days later, but on June 2, made the shock announcement that he was prepared to go -- on a timeline that he subsequently laid out.

FIFA's powerful sponsors on Friday said that timeline had become unacceptable after Swiss prosecutors revealed evidence of murky financial dealings directly linked to Blatter.

The Coca-Cola company said FIFA's reputation deteriorates "every day that passes" with Blatter in office.  

"Coca Cola is more than a valued sponsor, they are the foundation of Blatter's position in FIFA," Patrick Nally, a prominent sports marketing executive who has previously partnered with FIFA, said on Twitter.
Coca-Cola has had stadium advertising at every World Cup since 1950, and has been an official sponsor of the quadriennial tournament since 1978.

The partnership, believed to currently be worth tens of millions of dollars per year, has been extended through to 2022.  

Visa, another top-tier sponsor of past World Cups, also levelled a direct blow saying that "no meaningful reform can be made under FIFA's existing leadership," with similar comments coming from McDonald's and Budweiser's parent company, Anheuser-Busch InBev.

Top sponsors based outside the US have not yet gone as far.

Adidas on Saturday reiterated its stance that change at FIFA was vital, without specifically mentioning Blatter, while there was no immediate comment from Hyundai or Gazprom.

In a statement released swiftly after the resignation call from Coca-Cola, Blatter's New York attorney Richard Cullen said his client "believes firmly that his leaving office now would not be in the best interest of FIFA nor would it advance the process of reform and therefore, he will not resign."

 - Crisis gets deeper -

 FIFA's leadership is facing crises on various fronts, aside from the US indictments, and the Swiss probe that is targeting Blatter but which has also implicated the front-runner to replace him, European football chief Michel Platini.
Blatter's former right-hand man, secretary general Jerome Valcke, was suspended last month over allegations that he was aware of a black market ticket scheme surrounding the 2014 World Cup. Valcke denied the claims.

Meanwhile, FIFA's own ethics committee could suspend the president at any time, as the independent panel typically probes any official who is subject to even initial suspicion, a tag which certainly applies to Blatter.

But, given the financial heft of the companies involved, some believe the resignation demand from the four top sponsors will make it impossible for the embattled Swiss national to hang on.

“It is public statements (from sponsors) that can and will force real reform, despite Blatter's obvious desire to stay at FIFA," Transparency International's De Swardt said.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

blatters survival in doubt after sponsors resignation call blatters survival in doubt after sponsors resignation call

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

blatters survival in doubt after sponsors resignation call blatters survival in doubt after sponsors resignation call

 



GMT 14:15 2017 Sunday ,09 April

Spring dramas competes against Ramadan Marathon

GMT 20:29 2016 Sunday ,07 August

Scholars pay farewell to Ahmed Zewail

GMT 20:41 2017 Monday ,24 April

Olly Murs on his most honest record yet

GMT 14:32 2013 Monday ,04 March

Dalia el-Behiri: Egypt\'s regime should go

GMT 09:08 2017 Tuesday ,07 November

UN aid flights blocked from Yemen

GMT 13:53 2017 Monday ,13 February

IOF target Gaza fishermen

GMT 09:15 2017 Saturday ,15 July

Mubarak still in Sharm El-sheikh hospital

GMT 09:17 2015 Monday ,23 February

Second Qatar e-nature schools contest kicks off

GMT 00:56 2017 Sunday ,17 December

4 killed in Canada shooting

GMT 19:39 2016 Friday ,26 August

'Sausage Party' maestro bids

GMT 20:51 2017 Tuesday ,04 April

28 civilians killed in Syrian regime raids
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday