Legal Action: MasterCard Seeks Injunction Against FIFA - Event Marketer

Legal Action: MasterCard Seeks Injunction Against FIFA

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Two weeks after Visa announced a seven-year sponsorship of FIFA through
2014 the property’s incumbent payment card partner MasterCard
International is suing soccer’s international governing body. The
complaint filed in the U.S. District Court for the Southern District
of New York seeks an injunction that would prevent FIFA from moving
forward in the agreement with Visa. (View full text of the release here.)

 

MasterCard whose deal continues through this summer’s World Cup said
in the complaint that it was not given right of first refusal in its
sponsorship category which MasterCard contends it was promised in its
contract. The complaint states that MasterCard signed and returned a
contract presented by FIFA—and was then informed by FIFA that it
completed a deal with Visa.

 

“MasterCard will vigorously pursue legal action to compel FIFA to honor
the 96-page written and binding agreement it has with MasterCard
providing for us to be the official sponsor of the next two FIFA World
Cups ” Noah Hanft general counsel for MasterCard said in a
statement. 

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