Friday, March 18, 2016

FIFA announces new sponsorship deal, says more on the way (Reuters)

FIFA President Gianni Infantino speaks to the media after the executive committee meeting at the FIFA headquarters in Zurich, Switzerland March 18, 2016. REUTERS/Ruben Sprich

By Brian Homewood ZURICH (Reuters) - FIFA president Gianni Infantino said a wind of change was blowing through soccer's scandal-plagued world governing body after announcing a sponsorship deal with China's Wanda Group on Friday. FIFA has been battered by a series of scandals and the deal, which runs until 2030 and includes the next four World Cups, came one day after the Swiss-based federation announced a $122 million loss for 2015, its first deficit since 2002. The deal could help Infantino, elected last month to replace the disgraced Sepp Blatter, fulfill ambitious promises of greater funding for FIFA's 209 member associations which he made during his campaign.


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