Visa threatens to pull its FIFA sponsorship without proper reforms
LONDON (AP) — FIFA sponsor Visa has threatened to cut its ties with the scandal-tarnished governing body if the credit card company isn't satisfied with reforms.
A Visa executive appeared Wednesday alongside representatives from McDonald's, Coca-Cola and Budweiser brewer Anheuser-Busch at a British parliamentary hearing into FIFA.
Visa vice chair Ellen Richey says the company wants to see a more independent reforms process. The only independent member of FIFA's reform committee is chairman Francois Carrard, with the other panel members appointed by the global soccer confederations.
Discussing the panel's lack of independence, Richey said Visa has informed FIFA that "if we are not satisfied in that regard we will reassess our sponsorship."
When asked, the other three companies said they had not threatened to cut ties with FIFA.
Visa's contract runs through 2022.