(Reuters) - The deal between Visa and FIFA, soccer's governing body, follows the $90 million settlement on June 21 of a legal fight between FIFA and Visa rival MasterCard Inc. , which had sponsored the tournament for 16 years.
MasterCard had sued FIFA in April 2006 after the soccer group awarded the coveted sponsorship for the next two World Cups to Visa. MasterCard claimed it had right of first refusal on future sponsorship of the tournament, the world's most watched sports event.
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MasterCard had sued FIFA in April 2006 after the soccer group awarded the coveted sponsorship for the next two World Cups to Visa. MasterCard claimed it had right of first refusal on future sponsorship of the tournament, the world's most watched sports event.
Read more at Reuters.com Bonds News
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