Key FIFA sponsor 'disappointed' by corruption scandal

Published 12:35 31/05/11 By MirrorFootball

Two more of FIFA's key sponsors have increased the pressure on the world governing body to resolve the crisis that is enveloping them.

Credit card giant Visa and their fellow leading corporate backer Emirates today joined Coca-Cola and adidas in expressing concern at the continuing controversy at the top level of the game's administration.

The crisis has also seen the Football Association and their Scottish counterparts call for FIFA's presidential election tomorrow to be postponed.

A Visa spokesperson said: "The current situation is clearly not good for the game and we ask that FIFA take all necessary steps to resolve the concerns that have been raised."

Boutros Boutros, Emirates' divisional senior vice-president, corporate communications, added: "Emirates, like all football fans around the world, are disappointed with the issues that are currently surrounding the administration of this sport.

"Emirates' sponsorship of all FIFA tournaments, including the FIFA World Cup, aims to help promote football and ensure that it is accessible to the billions of football fans; something FIFA have managed to do extremely well in recent years.

"We hope that these issues will be resolved as soon as possible and the outcome will be in the interest of the game and sport in general."

Of FIFA's two remaining key partners, Sony are keeping their distance from the affair while Hyundai-Kia Motors have not made any response.

The voicing of disquiet by sponsors is potentially damaging to FIFA at a time when the body has rarely been in better financial shape.

Their most recent accounts for the four-year period up to and including the 2010 World Cup revealed revenues of US 4bn (currently £2.4bn) and profits of US 631 (£382m).

Income from the key sponsors amounts to 26% of total revenue, around US 1bn.

Adidas have said they are committed to remaining as a sponsor until the 2014 World Cup and others will have firm agreements in place but, nevertheless, any dissatisfaction could have ramifications.

Sports consultant Stephen Dunham said: "With sponsors starting to make noises, that could potentially start to ring alarm bells within FIFA.

"These guys pay huge amounts of money for their products to be associated with football because of the global reach of the game.

"They will be wanting it taken to new territories but they will want it done properly and sensibly.

"It could soon come to a point where they might think it potentially becomes damaging to their brand.

"You would have to look at what the contracts say in terms of get-out and break clauses and whether there was any scope to break a contract legally from what they have signed.

"But sponsors making noises will resonate with them because of the impact that will have with revenues."

FIFA have been rocked by allegations of corruption within their corridors of power.

At present it seems sponsors are prepared to stand by them but not without making clear their concerns.

A Coca-Cola statement read: "The current allegations being raised are distressing and bad for the sport.

"We have every expectation that FIFA will resolve this situation in an expedient and thorough manner."

An adidas spokesman said: "Adidas enjoys a long-term, close and successful partnership with FIFA that we are looking forward to continuing.

"Adidas will be an official sponsor of FIFA World Cup 2014 in Brazil.

"Having said that, the negative tenor of the public debate around FIFA at the moment is neither good for football nor for FIFA and its partners."

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