Credit card sponsorship of World Cup put on hold

Credit card giant MasterCard has been forced to sit tight ahead of a possible sponsorship of the World Cup soccer tournament.

That delay comes after a judge overseeing the legal battle between MasterCard and international soccer association FIFA issued a stay on her previous ruling in December 2006 that forced FIFA to award the desired sponsorship to the publicly traded credit card company. 

But under the latest ruling, FIFA does not have to immediately follow a court order from early December that required FIFA to grant an eight-year World Cup sponsorship deal to MasterCard.  U.S. District Judge Loretta Preska wrote in an order handed down on Dec. 21, 2006, that the stay would remain in place until the resolution of an appeal by the soccer organization.     

FIFA had asked that the lodged appeal be granted a suspensive effect so neither MasterCard nor rival Visa could demand the sponsorship contract during the appeal procedure. 

Earlier in 2006, MasterCard sued FIFA following the soccer organization's decision to award the World Cup sponsorship to Visa.  MasterCard, the World Cup sponsor for 16 years, charged that it had right of first refusal for the new contract, which starts in January 2007 and extends through the end of 2014.

Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.

Updated: 04-19-2019