Visa: FIFA not meeting our standards

2015-07-24 09:15

New York - FIFA sponsor Visa Inc. has called for an independent commission to be formed to clean up world soccer's scandal-ridden governing body.

The credit card company joined fellow sponsor Coca-Cola in asking for the commission to consist of "impartial leaders" to ensure the reforms are credible.

FIFA is reeling from the indictment of 14 people, including two now-ousted vice presidents who were arrested in Zurich, in an American investigation into alleged racketeering, bribery and money laundering in soccer.

Visa CEO Charles Scharf said on the company's quarterly earnings call that FIFA's responses to the scandal "are wholly inadequate and continue to show its lack of awareness of the seriousness of the changes which are needed."

He said the company believes no meaningful progress can be made under FIFA's existing leadership.

"We view the stewardship of our company, our brands and our clients with the utmost importance and try to hold ourselves to the highest standards," Scharf said.

"We seek to partner with those who think and act like us. I don't believe that FIFA is living up to these standards."

In an emailed statement, FIFA said it values the input of its commercial affiliates as the organization cooperates with the investigations by US and Swiss authorities.

"FIFA's goal is to achieve the highest standards of governance and accountability for the international football community," said spokeswoman Delia Fischer.

Read more on:    visa  |  fifa  |  fifa bribery scandal  |  soccer

What To Read Next


Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

Live scoring

Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter


The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs

Do you think SAFA made the right choice in appointing Stuart Baxter as head coach of Bafana Bafana?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.