The FIFA ethics committee has imposed eight-year suspensions on both the current and once-likely future presidents of FIFA. This effectively topples FIFA’s once-entrenched ruling hierarchy, and marks the most important achievements to date of the U.S.-led corruption investigation.
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Coca Cola said it is concerned about how FIFA is handling its investigation into corruption allegations involving winning bids by Russia and Qatar to host the 2018 and 2022 World Cups. Coke's sponsorship deal is worth $475 million.
Last week FIFA announced that it had considered the investigation into allegations of corruption into the awarding of the 2018 World Cup tournament to Russia and the 2022 World Cup tournament to Qatar and found “any improper behaviour in the bidding process for the tournament was 'of very limited scope.'”
Qatar's World Cup 2022 organizing committee denied allegations that it bribed FIFA officials to win the right to host the world's biggest single sporting event.