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
Real's Navas Seeks Legal Action for Costa Rican Spying    
The Associated Press is reporting Thursday that Real Madrid goalkeeper Keylor Navas will take legal action ...
Mandzukic: Guardiola 'Didn't Treat Me with Respect'    
In an interview with Croatian newspaper Sportske Novosti, Mario Mandzukic says he is enjoying playing for ...
Roma's Destro to Consider Future     
Mattia Destro on Wednesday cast doubt around his future after scoring the opening goal in AS ...
Allegri: 'Lack of Maturity' Costs Juve     
Despite hitting the woodwork several times and having much the better play throughout, Juventus lost 1-0 ...
Report: Former President Hoeness Warns Bayern     
German daily Bild reports that former Bayern Munich President Uli Hoeness, who is currently in prison ...
Pellegrini 'Worried' as City Crashes Out of League Cup     
Manchester City relinquished its hold on the English League Cup on Wednesday with a poor display ...
Herrera Questions Klinsmann Inclusion for FIFA Award    
Miguel Herrera, for one, isn't impressed with USA coach Jurgen Klinsmann's inclusion in FIFA's shortlist for ...
Ancelotti: Blatter 'Unable to Keep His Mouth Shut'     
Real Madrid coach Carlo Ancelotti on Tuesday accused Sepp Blatter of being "unable to keep his ...
Report: Spain's Tax Authority Probes Barca, Real Stars     
Marca on Wednesday reported that some of La Liga's highest profile players over the last several ...
Reports: Moyes to Take Over at La Real?    
Spanish media reports claim that former Manchester United coach David Moyes is among the names being ...
>> Section 2 Around the Net Archives