Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
FIFA Shame at MasterCard Verdict
New York Sun, December 19th, 2006 3:45PM

MOST READ

MOST COMMENTED

In the world of soccer, FIFA's word is law. What it says goes, usually without exception. This is not so in the real world, however, and FIFA was dealt a heavy dose of reality recently, as U.S. district judge Loretta Preska founded in favor of MasterCard over a case in which the credit card company sued FIFA for breach of contract. (Read Preska's opinion here.) FIFA was holding negotiations with Visa even though MasterCard's contract, which spanned five World Cups and expired after last summer's tournament, granted it the right of first refusal. Not only did FIFA lie to MasterCard, the judge said, it also lied to Visa in the way it framed its ongoing negotiations with MasterCard. Paul Gardner of the New York Sun praises the lucid way in which Preska writes her report, chastising FIFA's Tom Houseman for the way he "holds himself out as legal counsel but is not authorized to practice law in any jurisdiction." Of marketing director Jerome Valcke, Preska says his credibility was "totally destroyed" by the way he dangled MasterCard's $180 million contract offer in front of Visa, telling the credit card provider the sponsorship was theirs if they could match the offer and respond with a marketing share in kind. There's much more to this story, including suggestions that FIFA may have backdated its contract offer from Visa, as well as forged Visa International president's signature. These were unproven, but FIFA offered no explanation, either. To make matters worse, internal emails show that FIFA was well aware of its wrongdoing. On April 10, FIFA announced its new deal with Visa, but Preska's verdict means that FIFA is now required to accept MasterCard's agreement. It has since fired the four executives involved in the case. Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Report: Arsenal Leads EPL with 900 Injuries in 12 Seasons    
According to a report from PhysioRoom.com, which monitors sports team injuries, Premier League giant Arsenal has ...
Underdog BATE Bounces Back Against Bilbao     
Despite losing its opening game to FC Porto, 6-0, underdog BATE Borisov found itself right back ...
Bayern Bosses Slam CSKA's Empty Stadium     
Bayern Munich coach Pep Guardiola admitted there were few benefits to playing in an empty stadium ...
Diego Costa Ready to Play for Spain, Despite Mourinho     
Diego Costa on Wednesday declared himself fit to play for Spain despite club coach Jose Mourinho's ...
Totti: Man City's Tweet Inspired Me to Score    
AS Roma captain Francesco Totti claimed that Manchester City brought him luck by referencing him prior ...
PSG Tames Barca in UCL Thriller    
Paris Saint-Germain might finally have what it takes to win the UEFA Champions League, coach Laurent ...
The case for more female coaches in youth soccer    
Nicole Farley, who coaches at Southern California's Laguna United SC and Dana High School, says "I ...
Nasri to Miss a Month Following Surgery     
Manchester City midfielder Samir Nasri will miss a month after having groin surgery over the weekend. ...
Herrera Out as Man United Injury Crisis Worsens    
Manchester United midfielder Ander Herrera will be out for "weeks" with a fractured rib in yet ...
Giroud Signs Gunners Extension    
Goal.com reports that injured Arsenal striker Olivier Giroud has signed a two-year contract extension with the ...
>> Section 2 Around the Net Archives