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: Real Beats Barca to Promising Youngster    
Real Madrid has beaten Barcelona to the signing of promising youngster Marco Asensio, in what Spanish ...
Guardiola Hopes Messi Stays at Barca     
Bayern Munich coach Pep Guardiola said he hopes "with all my heart" that Lionel Messi ends ...
Man City, Bayern Fans Persist with UEFA Protest    
PA Sport reports that Manchester City and Bayern Munich will continue their "Respect ... Fans" protest ...
Report: Sony to End FIFA Partnership     
Japanese consumer electronics giant Sony will become the second official FIFA sponsor to decide not to ...
Arsenal Fails to Register Giroud for UCL     
Arsenal striker Olivier Giroud will be forced to sit out the Gunners' crucial UEFA Champions League ...
Koeman: Saints Can Finish Top Four    
Southampton coach Ronald Koeman insists his team can remain in the Premier League's top four following ...
Mourinho Downplays Di Matteo's Chelsea Success     
Jose Mourinho refused to be drawn into a comparison with former Chelsea coach Roberto Di Matteo, ...
Report: Barca's Vermaelen May Need Surgery     
Goal.com reports that Barcelona defender Thomas Vermaelen could require surgery to cure the hamstring injury that ...
Messi's Top Ten Records    
Barcelona striker Lionel Messi, who became La Liga's all-time leading scorer (253 goals) following his hat ...
Rodgers Admits His Future Could be in Doubt     
Brendan Rodgers admitted that he could be fired after Liverpool slumped to a fourth successive defeat ...
>> Section 2 Around the Net Archives