Accusations of corruption: Adidas Investor calls for end of Fifa cooperation – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Adidas boss Herbert Hainer
     

 
                                              

 
 
     
     
     
         
         
                                                             

Among the Adidas shareholders demands for an end to the cooperation of the sports equipment manufacturer with the scandalous world football governing body Fifa are loud. “Adidas has to examine whether the FIFA contract shall be terminated now”, the chairman of the union Institutional private investors (VIP), Hans-Martin Buhlmann, who told “Welt am Sonntag”. So pressure for a reshaping of Fifa could be built.

                         
         
         
                                                             
                                 

Buhlmann represented at this year’s AGM claims to have nearly 3.2 million shares worth 230 million euros. He is one of the larger investors representatives.

                         
         
         
                                                             

According to a preliminary report criticized Buhlmann, Adidas could not require its employees compliance with the law, “when the same business be continued to an association, in which there seems to corruption”. In the reorganization of Fifa could play a key role Adidas CEO Herbert Hainer. His contract runs until March 2017th

                         
         
         
                                                                                      
         
         
                                                             

Adidas has been for decades the major sponsors of the Football Association, which is currently suffers the worst corruption scandal in its history. American authorities are investigating several former and current Fifa officials, including from the environment, according to the investigators also against President Joseph Blatter. This has announced his retirement at the end. Adidas has welcomed this as a step in the right direction.

                                 

 
  

 
 
 
                       

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allegations of corruption

Adidas Investor calls for end to Fifa cooperation

Adidas CEO Hainer must examine whether the agreements with FIFA could be terminated, requested the Chairman of the Institutional Private investors, Buhlmann. The influential investor representative holds a cooperation with an obviously corrupt Association prohibitive.
  

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