Saturday, October 03, 2015

Coca-Cola calls for FIFA's Sepp Blatter to step down immediately...

Top sponsors of FIFA called for Joseph “Sepp” Blatter to step down immediately as president of soccer’s governing body following a sweeping scandal involving allegations of bribes and kickbacks dating back decades.

Shortly after Coca-Cola Co. issued a demand for Blatter to go on Friday afternoon, FIFA’s other U.S.-based backers -- Visa Inc., Anheuser-Busch InBev NV and McDonald’s Corp. -- followed suit, all saying that meaningful reform is impossible under the current leadership.

Blatter’s departure would allow a “credible and sustainable reform process” to begin, Coca-Cola said in its statement. “Every day that passes, the image and reputation of FIFA continues to tarnish.”

The moves follow the announcement last week by Swiss prosecutors that they have opened a criminal probe into the 79-year-old Blatter, who has led FIFA since 1998. He has denied any wrongdoing and said on Friday that he wouldn’t leave office before a scheduled special election in February. Full story...

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