FIFA seals closer ties to Saudi Arabia with World Cup sponsor deal for oil firm Aramco
Time:2024-05-07 23:04:31 Source:styleViews(143)
GENEVA (AP) — FIFA deepened its ties to Saudi Arabia by confirming a sponsorship on Thursday with the kingdom’s state oil firm Aramco which made a profit of $121 billion last year.
The deal was expected and became inevitable once Saudi Arabia was all but sealed last October as the 2034 host of the men’s World Cup.
The deal through 2027 includes the men’s World Cup in 2026 co-hosted by the United States, Canada and Mexico and the 2027 Women’s World Cup. Hosts of that tournament will be decided next month in a three-candidate vote.
The value of the Aramco deal was not disclosed but is likely the richest ever for FIFA by average annual value. The inaugural 32-team Club World Cup being hosted next year in the U.S. was not specified by FIFA though could be part of a separate deal.
“Through the partnership, Aramco and FIFA intend to leverage the power of football to create impactful social initiatives around the world,” the soccer body said in a statement.
You may also like
- Teyana Taylor strips down during VERY raunchy burlesque show at NY's Paradise Club in front of star
- Ice and snow festival opens in Beijing
- Italian restaurant savors success in Tianjin's bustling historic area
- NFL Draft 2024: Ex
- China extends more inclusive loans to small businesses
- NFL Draft 2024: Ex
- China firmly opposes recent US
- Jiangsu edge Guangzhou to snap 17
- Prostate cancer breakthrough means thousands of men could avoid devastating chemotherapy