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Tuesday, 2 June 2015

Fifa sponsor Coke welcomes Sepp Blatter's resignation


Image result for Fifa sponsor Coke welcomes Sepp Blatter's resignationFifa sponsor Coke has welcomed Sepp Blatter's decision to resign, describing it as "a positive step" for football.
Mr Blatter has said he will resign as president of football's governing body Fifa amid a corruption scandal.
Coke said it believed the move would help "Fifa to transform itself rapidly" into a "21st Century institution".
The drinks giant added that it expected Fifa would continue to "act with urgency" to address the issues raised.
Last week, Fifa was hit by the arrests on charges of racketeering, wire fraud and money laundering as part of a US prosecution that also indicted 14 people.
Mr Blatter was subsequently re-elected, but on Tuesday resigned, saying that his mandate "did not appear to be supported by everybody".

Concerns voiced

Coke's statement said: "We respect Mr. Blatter's decision. The announcement today is a positive step for the good of sport, football and its fans.
"Our expectation remains that Fifa will continue to act with urgency to take concrete actions to fully address all of the issues that have been raised and win back the trust of all who love the sport of football.
"We believe this decision will help Fifa transform itself rapidly into a much-needed 21st Century structure and institution," it concluded.
Meanwhile McDonalds, another Fifa sponsor, said: "We're hopeful that the changes being implemented within Fifa will be a big first step in positively reforming the organisation and gaining back trust from fans worldwide."
The corruption scandal had already led many sponsors to voice their concerns, with Visa in particular warning that unless the global governing body made "changes now", it would "reassess" its sponsorship.
For the four years of the last "World Cup cycle", from 2011 to 2014, Fifa's six top-tier Global Partners (as was - there are now five) paid a total of $177m (£116m) annually, which means each partner paid roughly $30m a year for this status.
Tier one sponsor Sony decided not to renew its contract last year - it had been a Fifa partner since 2007, after signing a contract in 2005 worth $38m annually.

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