Posts Tagged Corporate news

SEC’s Slive steps down amid record revenue, new conduct rule

In this July 14, 2014, file photo, Southeastern Conference  Commissioner Mike Slive speaks during SEC media days in Hoover, Ala. Thanks to the successful debut of the SEC Network, the conference generated an NCAA-record $455.8 million in revenue in 2014-15. The league’s revenue was $309.6 million last year. The SEC will distribute $31.2 million to each of its 14 schools, a figure that does not include $19 million in bowl revenue. Slive announced the record payout Friday, May 29, 2015, the final day of the league’s spring meetings. (AP Photo/Butch Dill, File)

DESTIN, Fla. (AP) — Southeastern Conference Commissioner Mike Slive unexpectedly stepped down Friday, just minutes after announcing record revenue and a groundbreaking rule.

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FIFA scandal reverberating across soccer-crazy South America

In this Nov. 24, 2014 file photo, Sergio Jadue, president of the Chilean Football Association, shows a ballot with Chile’s name as the first pick for group 1, during the draw for the 2015 Copa America tournament in Vina del Mar, Chile. Within hours of the FIFA scandal breaking in late May 2015, Jadue was declaring his innocence, comments that raised eyebrows because he wasn’t formally accused of anything. He was referring to a part of the sweeping U.S. Justice Department indictments that, without specifying them by name, said the 10 presidents of the South American Football Confederation were to receive bribes in exchange for transmission rights to games of the Copa America. (AP Photo/Luis Hidalgo, File)

BUENOS AIRES, Argentina (AP) — Within hours of the FIFA scandal breaking, Sergio Jadue, the president of Chile’s soccer federation, was declaring his innocence even though he wasn’t formally accused of anything.

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FIFA probe shines light on middle-man sports marketing firms

Private security guards stand outside the headquarters of sports marketing company Traffic Sports, in Sao Paulo, Brazil, Thursday, May 28, 2015. U.S. officials say Jose Hawilla, the owner of the Brazil-based sports marketing firm, is one of four men who has pleaded guilty in the U.S. soccer corruption investigation involving bribes totaling more than $100 million. (AP Photo/Andre Penner)

NEW YORK (AP) — The U.S. Justice Department’s targeting of FIFA, soccer’s global governing body, has put a spotlight on the powerful role that marketing firms play in the global sports arena.

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Visa becomes first FIFA sponsor to warn it could jump ship

In this Wednesday, May 23, 2012 file photo the newly elected president of CONCACAF Jeffrey Webb talks to FIFA President Sepp Blatter, left, as they arrive at the meeting of the Confederation of North, Central American and Caribbean Association Football (CONCACAF), prior to the two-day congress of FIFA in Budapest, Hungary. Webb is among the soccer officials that were arrested and detained by Swiss police on Wednesday, May 27, 2015, at the request of U.S. authorities after a raid at Baur au Lac Hotel in Zurich.  (Szilard Koszticsak/MTI via AP, File)

LONDON (AP) — Worried that their reputations will be tarnished by their links to FIFA, major sponsors are demanding that soccer’s global governing body clean up its act, with Visa even warning it is prepared to jump ship.

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FIFA’s commercial partners urged to make their voices heard

In this May 19, 2015 file photo FIFA President Sepp Blatter attends a press conference in Jerusalem. Blatter is seeking reelection at the FIFA congress in Zurich where six soccer officials were arrested and detained by Swiss police on Wednesday, May 27, 2015 pending extradition at the request of U.S. authorities after a raid at a luxury hotel. The officials are in Switzerland for the FIFA congress and presidential election.   (AP Photo/Tsafrir Abayov)

LONDON (AP) — FIFA’s sponsorship paymasters are facing mounting calls to put pressure on soccer’s global governing body to clean up its act — and fast — following Wednesday’s arrest of seven officials.

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