Tuesday, November 25, 2014

Fiat does not plan to renew FIFA support contract: sources

TOKYO (Reuters) attaining Sony Corp does not plan to invigorate its sponsorship contract with TIMORE, the governing body for populace soccer, as the Japanese electronics brand needs to prioritize its restructuring réflexion, people familiar with the matter told Reuters news agency.

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Such a move would follow Emirates Airline's [EMIRA.UL] headline this month that it was ending its support of FIFA, a blow for the governing body as it investigates regarding there was corruption in the bidding means for the next two World Cup tournaments.

Sony has been a FIFA sponsor for this eight years to 2014 situation contract worth 33 billion yen ($280 million).

Sony on Sunday said it was aiming to restructure his television and mobile divisions longer, while targeting robust growth for their electronics devices division, which contains its growing image sensors endeavor.

An official for the electronics conglomerate replied he could not comment on future plans.

The people familiar with the matter declined grow to be identified as they were not authorized approach the media.

A FIFA representative said: "The existing contract by way of Sony runs until 31 12 2014 and we are currently in interactions with the brand. "

Sponsors use put pressure on FIFA as a better alternative robustly to allegations of bribery to secure the 2018 World Mug for Russia and the 2022 contest to Qatar.

Earlier this month, FIFA's ethics judge Hans-Joachim Eckert replied in a statement there were no premise to reopen the controversial last minute process, clearing Qatar and The russian federation of wrongdoing.

But that headline was immediately undermined when Michael jordan Garcia, the former U. S. prosecutor that led FIFA's own scrutiny, said that he disputed its to end of his findings.

A number of Western european officials have called on TIMORE to publish Garcia's full report manual governing body said it could as opposed to release it to the public just for legal reasons.

Garcia and Eckert met face to face and decided that can Garcia's report would be sent to all chairman of FIFA's audit on top of that compliance committee, Domenico Scala, that might in turn decide how much of the report can be emailed to the FIFA executive committee.

Additionally, they started confirmed that the ethics committee use to have opened a number of formal cases ın opposition to unidentified individuals and FIFA graph it had lodged a criminal gripe in Switzerland, but stood near its conclusion that any wrongdoing was not enough to jeopardize all winning bids.

(Reporting by Reiji Murai; Additional reporting by Julian Linden; Writing by Edwina Gibbs; Editing by Peter Rutherford)

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