🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Champagne out of FIFA presidential race

Published 02/02/2015, 08:24
Updated 02/02/2015, 08:30
© Reuters. FIFA presidential candidate Jerome Champagne attends the "New FIFA Now" summit at the European Parliament in Brussels

By Brian Homewood

BERNE (Reuters) - FIFA presidential candidate Jerome Champagne is out of the race after failing to win sufficient backing for his candidacy, saying that national associations feared "reprisals" if they supported him.

Champagne said in a statement that he had won the backing of only three national associations for his bid to unseat Sepp Blatter, rather than the minimum of five stipulated in the rules.

"I regret to have to announce that I have not presented the five sponsorship letters needed to be registered as a candidate in the election of 29 May," the Frenchman said in a statement.

Blatter, in charge since 1998, is favourite to be re-elected for a fifth mandate in the election on May 29 despite widespread criticism of FIFA under his leadership.

Prince Ali Bin Al-Hussein of Jordan, former Portugal forward Luis Figo and Dutch FA president Michael van Praag have also said they are standing for election.

"The institutions have mobilised to eliminate the only independent candidate," said Champagne.

"The latest events orchestrated in secret with barely veiled intentions by one of them, distributing letters of support between candidates, made me lose sponsorships especially in Europe."

Champagne, a former FIFA official, said there were "numerous" reasons why the federations had not supported him.

"Because they feared reprisals from their confederations

having issued "recommendations". Because their federations were candidates to host continental competitions.

"Because they relied too heavily on the financial support. Because they were committed to defend a united continental front.

"Because some of the presidents were themselves

engaged in an election or simply preferred another candidate.

"I also note that I would have been a candidate with the old version of the rules, and that I cannot be one with the new modifications adopted in 2013 on a UEFA proposal," he added.

© Reuters. FIFA presidential candidate Jerome Champagne attends the "New FIFA Now" summit at the European Parliament in Brussels

"Despite the disappointment, I do not feel any bitterness because I know how the pyramidal structure of football works."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.