Menu
International Football

FIFA Issues Statement Denying It Received Profit From '05 Deal With CFU

A termination letter sent by FIFA said that the body was due half of the advertising revenue from a '05 media deal it signed with a Caribbean football organization but "did not receive any of it," according to Mark Hosenball of REUTERS. The contract was signed between FIFA and the Caribbean Football Union and "involved media rights in parts of the Caribbean for the 2010 and 2014 World Cup competitions." In the July '11 letter, two FIFA officials wrote to the CFU to say they had expected FIFA to receive 50% of all revenue from the sale of broadcast sponsorship and TV commercials. FIFA Secretary General Jérôme Valcke and Marketing Dir Thierry Weil wrote, "To date, FIFA has not received any payments." It "could not be determined how much money was at stake in this instance." Reuters was "unable to obtain a copy of the contract." A FIFA spokesperson declined to comment, "citing ongoing investigations." CFU General Secretary Neil Cochrane said in a statement that the group's current exec committee has "no knowledge of contracts signed by its previous leader, Jack Warner," and that those contracts "had not been ratified by the group's governing congress" (REUTERS, 9/15). CMC reported former FIFA anti-corruption adviser Mark Pieth is calling for a "criminal investigation" against FIFA President Sepp Blatter for selling under-valued World Cup TV rights to Warner. Pieth: "Blatter has to defend himself against a form of embezzlement charges. That’s a topic they need to discuss" (CMC, 9/16).

SUPPORT FOR PLATINI: REUTERS' Amlan Chakraborty reported a senior South Asian Football Federation official said that its seven members will vote for UEFA President Michel Platini in next year's FIFA presidential elections. Asian Football Confederation President Sheikh Salman Bin Ebrahim Al Khalifa has already backed Platini as his "preferred candidate for football's top job in the February elections," which have been forced by the "worst crisis in FIFA's 111-year history." SAFF General Secretary Anwarul Huq said that the SAFF "would follow the AFC's lead." Huq: "The AFC chief has already backed Platini. We will go with the AFC. At the end of the day, voting is an individual thing but we will go with AFC as we always do" (REUTERS, 9/16).

STEPPING DOWN: The AP's Rob Harris reported a FIFA staffer who was "at the center of an internal investigation into an alleged attempt to discredit" Platini has left the governing body. FIFA said in a statement, "Thomas Renggli resigned on 1 September." FIFA was "responding to questions about the outcome of the investigation." Renggli, who was working as part of Blatter's staff, said, "I am still under contract" (AP, 9/16).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2015/09/17/International-Football/FIFA-Profit.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2015/09/17/International-Football/FIFA-Profit.aspx

CLOSE