The New York Southern District Court ruled that FIFA does not have to immediately comply with the court order issued 7 December 2006 requiring it to grant MasterCard Inc. an eight-year World Cup sponsorship deal, pending the outcome of the requested appeal.
FIFA had requested that the lodged appeal be granted a suspensive effect so that neither MasterCard nor VISA may demand fulfilment of the sponsorship contract during the appeal procedure.
The court had earlier overturned FIFA’s sponsorship deal with rival credit card company Visa stating that senior FIFA executives repeatedly lied to Visa and to ousted sponsor Mastercard. After the ruling, FIFA sacked four employees for dishonest sponsorship negotiations.
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