US sportswear giant Nike said Wednesday it was cooperating with the investigation into corruption at global football body FIFA, after court documents pointed to its involvement in the scandal.
"We have been cooperating, and will continue to cooperate, with the authorities," the company said, after the US Justice Department indicted 14 FIFA officials and sports marketing executives over bribery.
Nike was neither directly named nor accused in the case.
But one of the indictments, against Brazilian sportsmarketer Jose Hawilla and his Traffic Group, charged that Hawilla paid kickbacks to a senior Brazilian and FIFA soccer official after arranging in 1996 for an unnamed major US sportswear company to sponsor Brazil's national soccer federation and national team.
Nike's bold capture of the 10 year sponsorship deal in 1996, two years after Brazil won the World Cup, is well known as the brash US company's landmark entry into global football sponsorship, challenging German powerhouse Adidas.
Nike gave no details on how it is involved in the case announced by the US Justice Department Wednesday.
"Like fans everywhere we care passionately about the game and are concerned by the very serious allegations," the company said.
"Nike believes in ethical and fair play in both business and sport and strongly opposes any form of manipulation or bribery."
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit IndonesiaMaintained 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 ©
Send your comments
Your comment as a visitor