Visa has told Fifa it could end its sponsorship of soccer's world governing body if it does not act fast to restore the reputation of the game after senior officials were arrested on bribery and corruption charges.
Soccer World Cup sponsor Nike said it was cooperating with authorities after bribery and corruption charges against senior Fifa officials were announced by US prosecutors and arrests were made in Switzerland.
US prosecutors issued
The world's most popular sport was plunged into turmoil on Wednesday as seven senior soccer officials were arrested on US corruption charges and faced extradition from Switzerland, whose authorities also announced a criminal investigation in
Swiss police arrested some of the most powerful figures in global soccer on Wednesday, announcing a criminal investigation into the awarding of the next two World Cups and plunging the world's most popular sport into turmoil.
Soccer's governing body Fifa called the arrest of six of its leading figures on bribery charges a "difficult moment" but said President Sepp Blatter would not step down and that the next World Cups would go ahead as planned in Russ
Six high-ranking soccer officials, including two vice-presidents of world governing-body Fifa, were arrested by Swiss police on Wednesday and detained pending extradition to the US.
The arrests were made by plain-clothed police sh
An affiliate of Qatari-based television network Al Jazeera is in advanced negotiations to buy Turkish satellite network Digiturk, three sources familiar with the talks said on Tuesday, a deal that would further boost its soccer offering.
Across Europe, $1.5 billion has been spent by Middle-Eastern investors and groups on team ownership, while in the last two years alone, Asian businessmen have invested approximately $1.1 billion in US sports franchises, a report said.
Prince Ali Bin Al Hussein of Jordan said on Tuesday he would stand for the presidency of world soccer's governing body Fifa later this year.
The current Fifa vice-president and head of the Jordanian and West Asian Football Fed
A defiant Fifa President Sepp Blatter declared there was no moving the 2022 World Cup from Qatar, despite widespread concerns about the bidding process that took the tournament to the Middle East for the first time.
"2022, it is Qa