ICC Twitter

December 8th, 2006

MasterCard Wins Lawsuit to Retain World Cup Sponsorship

By Justin McHenry

MasterCard prevailed yesterday in its lawsuit against the Fédération Internationale de Football Association (FIFA), the governing body of the World Cup soccer tournament, to force FIFA to honor the contract which gave MasterCard exclusive sponsorship rights to the 2010 and 2014 World Cups. FIFA had signed a new sponsorship deal with Visa despite MasterCard’s claim that it had the right to continue its sponsorship, and had informed FIFA that it would do so.

U.S. District Judge Loretta A. Preska issued a 125-page ruling saying that FIFA had reneged on its deal and that “MasterCard’s loss of the next FIFA World Cup sponsorship would be, in its now-famous words, ‘Priceless’” (a reference to MasterCard’s well-known advertising campaign).

FIFA says it will appeal the decision.

Most popular / best credit cards according to IndexCreditCards.com visitors:

  1. Discover® More Card
    1.
    Discover® More Card - 0% APR on balance transfers for 12 months & 6 months on purchases, 5% cashback bonus in popular categories, up to 1% cashback bonus on all other purchases
  2. Chase Freedom Card
    2.
    Chase Freedom Card - 0% Intro APR and no Annual Fee, 5% bonus cash back in popular categories , 1% cash bank on everything else
  3. Citi Platinum Select MasterCard
    3.
    Citi® Platinum Select® MasterCard® - 0% on purchases & balance transfers for Up to 18 months, APR as low as 9.99% variable. $30 statement credit.
  4. Blue Cash from American Express
    4.
    Blue Cash® from American Express - Earn up to 5% cash back on gas, groceries and drug store purchases, and up to 1.5% back on all other purchases, no annual fee, fast approval under 60 seconds
  5. Slate from Chase
    5.
    Slate SM from Chase - 0% Intro APR, Now with Blueprint, patented fraud protection

  6. American Express® Gold Card
    6.
    American Express® Gold Card - 10,000 American Express Membership Rewards bonus points when you use the card for at least $500 in purchases within the first 3 months.
  7. TrueEarnings® Business Card from Costco & American Express
    7.
    TrueEarnings® Business Card from Costco & American Express - 4% cash back for annual gas purchases up to $6,000, 3% restaurants, 2% travel, 1% everywhere else, 0% APR on purchases for first 6 months

Return to IndexCreditCards.com

Return to Credit Card News Home

* variable rate = credit card interest rate changes in line with federal interest rates or other rate index; fixed rate = credit card rate stays the same regardless of changes in federal rates, but still may be changed by credit card issuer in the future.

** See the online Discover credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on Discover's website.

About us | Contact Us | Index Credit Cards in the News | Credit & Financial Links

Site Map | Privacy Policy | Terms of Use

ICC User Survey