Showing posts with label Vladimir Putin. Show all posts
Showing posts with label Vladimir Putin. Show all posts

Monday, 25 January 2016

Adidas End IAAF Sponsorship


The German sportswear company signed an 11-year agreement with the International Association of Athletics Federations in 2008 reported to be worth around £23m. But the BBC reported that the ongoing doping and corruption scandal has prompted Adidas to inform the IAAF that it will be pulling out of the deal. Neither Adidas nor the IAAF has made any comment.

According to the report, the move will result in tens of millions of dollars in lost income. The BBC claims the IAAF was told Adidas was considering ending its relationship with them in November after the publication of the World Anti-Doping Agency (Wada) Independent Commission’s first report, which detailed claims of “state sponsored doping” within Russia.

The BBC, citing anonymous sources, said the sponsorship deal, signed in November 2008, was worth around $8m (£5.61m) per year.

The IAAF said it was in close contact will all its sponsors and partners as it embarked on reform.

Adidas is one of the IAAF’s “Official Partners” along with Canon, Toyota, Seiko, TDK, TBS and Mondo.


Tuesday, 19 January 2016

Banned Blatter on Full Fifa Pay


Fifa’s Sepp Blatter may have been banned for eight years from the game but he is still receiving his president’s salary from world soccer’s governing body, a spokesman for Fifa’s Audit and Compliance Committee said on Monday.

Blatter was suspended for 90 days by Fifa on October 8th and then banned from the game for eight years last month for ethics violations over a €1.8 million payment Fifa made to European soccer boss Michel Platini with Blatter’s approval in 2011.

But Blatter, a Swiss national who has been president of Fifa since 1998, will continue to be paid until a new president is elected on February 26th, the spokesman Andreas Bantel said. That would mean Blatter would have been paid for nearly five months during which time he was unable to carry out his duties, and a period in which Fifa has appointed an acting president, African soccer head Issa Hayatou.

The compensation sub-committee of Fifa’s Audit and Compliance Committee recently ruled that it could stop Blatter’s bonuses but not, according to his contract, his salary.

“Until the election of a new president on February 26th, Mr Blatter is the elected president and therefore - according to his contract - is entitled to receive his remuneration,” Bantel said.

Blatter’s U.S. lawyer and his Switzerland-based spokesman could not be immediately reached for comment.

Fifa is facing the worst corruption crisis in it history as a total of 41 individuals and entities, including many former Fifa officials, have been charged with corruption-related offences in the United States. The U.S. investigation is far from over and Fifa also faces a parallel Swiss probe.

Blatter’s bonuses have been stopped because he was not carrying out his duties of supervising the organisation, including its general secretary.

Only last week, Fifa announced that Jerome Valcke was fired from his position as general secretary. It gave no reason but an investigation had followed allegations of corruption related to World Cup ticket sales.

“The duty of supervision is listed explicitly in the target agreements for the payment of bonuses. The compensation committee has therefore decided, at its last meeting, not to make any further bonus payments to Mr Blatter,” said Bantel.

The size of Blatter’s compensation from Fifa has remained secret although reforms to be voted on at the organisation’s February Congress call for the disclosure of individual compensation for the president and top executives.

It is also unclear what Hayatou is getting paid to be acting president.

Fifa’s finances may have taken a blow in the past year because of the costs and distractions of the corruption scandal. According to a report from the UK’s Press Association late last year, the organisation suffered its first loss last year since 2001.

Bantel declined to discuss what proportion of Blatter’s payments came from his bonuses.

The Fifa Ethics Committee said the payment to Platini, made at a time when Blatter was seeking re-election, lacked transparency and presented conflicts of interest, though both men denied any wrongdoing. Platini has also been banned from soccer for eight years.

Both Blatter and Platini have said they will appeal against their bans.


Wednesday, 30 December 2015

Rio Unlikely for Russian Athletics


Russia are unlikely to return to international competition in time for next year's Rio Olympics, says European Athletics president Svein Arne Hansen.

Russia's athletics federation was banned by the International Association of Athletics Federations for alleged involvement in widespread doping.

An IAAF inspection committee is due to visit Russia in January.

"For the moment they have to fulfil the conditions, but I cannot really see them competing in Rio," Hansen said.

The committee is likely to report back to the IAAF Council at the earliest at its meeting in Cardiff, Wales, on 27 March, less than five months before the Olympics.

"They must have a cultural change," Hansen told Athletics Weekly magazine. "They must get rid of all those people from before.

"We know some good people in Russian athletics and I'm sure they will be elected. We hope that some new people will come in who really understand that this must be changed."

The IAAF voted to suspend Russia's federation (Araf) on 13 November after the publication of an independent World Anti-Doping Agency report that alleged "state-sponsored doping".