Tuesday, November 22, 2016

Brazil keeps losing sponsors in wake of corruption scandals (The Associated Press)

FILE - This Sept. 17, 2015 file photo shows Brazilian Football Confederation (CBF) President Marco Polo del Nero arriving for an event in Rio de Janeiro, Brazil. The CBF has lost five major sponsors in the last 18 months as its president, and the previous two presidents, has been indicted on corruption charges by U.S. prosecutors. Nero is wanted by US prosecutors on racketeering, fraud and other charges. (AP Photo/Leo Correa, File)

The Brazilian soccer confederation has lost five major sponsors in the last 18 months as its president - and the previous two presidents - has been indicted on corruption charges. The latest to bail out is Samsung, which joins Michelin and Gillette as major sponsors abandoning the CBF, whose president Marco Polo del Nero is wanted by U.S. prosecutors on racketeering, fraud and other charges. The CBF confirmed Samsung's exit, but declined other comment.


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