Whole Network Most Recent TOP10 Accounting Compliance Ethics SOX

 

FIFA's dodgy ethics slated

Filed in archive Ethics by leon on December 09, 2006

FIFA's dodgy ethics slated
I have explored in this blog entry how the bad governance of football's governing body, FIFA, has resulted in such scandals as match fixing and funds that go missing.

Now a US District Judge Loretta A. Preska has, according to news reports, slated FIFA when she disqualified Visa from going forward with a contract that was supposed to install it as the new sponsor for the 2010 and 2014 World Cups.

The judge gave the job to MasterCard International on the grounds that FIFA didn't play fair in the first place when it awarded the rights to Visa. She said it was wrong for FIFA to mislead MasterCard when it was "simultaneously and aggressively" negotiating with Visa as well.

True to form, arrogant FIFA has declared that it will appeal the decision and fight to maintain its ability to nominate the exclusive sponsor.

But its problems don't end there. The FIFA Executive Committee has declared that it disapproves of vice president Jack Warner exploiting his position and profiteering by selling World Cup tickets but, surprise surprise, it said that it will take no action against him.

Warner had flagrantly defied FIFA's rules and set up secret deals with his son Daryan to sell thousands of tickets on the black market during the World Cup. You can read more about that here.

But Warner has been let off with a slap on the wrist, reports the Telegraph.

Fifa president Sepp Blatter expressed his "disapproval" at Warner's behaviour but the guy has basically got off on a technicality if inquiry chairman Marcel Mathier's words are anything to go by.

"It could not be evidenced that Mr Jack Warner had knowledge of the resale of these tickets at a higher price.

"The resale is certainly forbidden, but the person who did the reselling is not subject to the Fifa jurisdictionlinks because it is the son of Jack Warner."

Fixing FIFA's cosy deals and behavior looks difficult, probably impossible. And while that continues, the game and fans will continue to suffer.






Permalink: FIFA's dodgy ethics slated
Tags: FIFA  Mastercard  Visa  Sepp  Blatter  fifa  ethics  slated  dodgy+ethics  fifa+dodgy  ethics+slated 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/45235



Advertisement


Advertisement


RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter

Use our search feature to look for other interesting posts

Just this blog Whole network


 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give Luis a call at +1 (650) 331 8047.


  • Other blogs in the same channel in the Creative Weblogging Network







 
Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy