FIFA's Corporate Sponsors React to the Scandal
SWITZERLAND - Nine FIFA officials have been arrested in connection with an FBI investigation. Key FIFA sponsors that contribute to that sum immediately became the target of scrutiny on Wednesday when the United States Department of Justice unsealed a 47-count indictment that charged the nine FIFA officials and five sports marketing executives with racketeering, wire fraud and money-laundering. FIFA sponsors expressed concern about the organization's corruption allegations. Visa, Inc. The Wall Street Journal reports , Visa stated that the investigations could end its agreement, which runs until 2022. Visa advised FIFA to take swift and immediate steps to clean up its act. Coca-Cola Coca-Cola stated the "lengthy controversy has tarnished the mission and ideals of the FIFA World Cup and we have repeatedly expressed our concerns about these serious allegations." Adidas Adidas explained that it was monitoring the situation and called on FIFA to raise its standard...