Audio By Carbonatix
Fifa, which has struggled to find commercial partners since it was battered by a corruption scandal last year, named a Russian bank as its first regional World Cup sponsor on Monday.
The global soccer body said Alfa Bank would "activate sponsorship initiatives" around the 2018 World Cup, which is being hosted by Russia.
Fifa said that, under a new commercial strategy for the World Cup, up to four packages were being offered for regional sponsors in each of five regions it listed as Europe, North America, South America, Middle East and Africa, and Asia.
It said there was a growing interest in the approach.
Fifa was thrown into turmoil last year after criminal investigations were launched into the sport in the United States, where several dozen former soccer officials have been indicted, and Switzerland.
It was also forced to reform its bidding process after a December 2010 vote awarded the 2018 and 2022 tournaments to Russia and Qatar respectively.
Gianni Infantino was elected to the Fifa presidency in February after promising greater funding for Fifa's 211 member associations during his campaign.
He said increasing sponsorship revenue would be a priority for his presidency.
Fifa sources have said the federation faces a shortfall of about $500 million in its predictions if it fails to reach sponsorship revenue targets.
Latest Stories
-
US Court backs extradiction of former MASLOC CEO Sedina Tamakloe-Attionu’s to Ghana
10 minutes -
Seven arrested as NAIMOS dismantles illegal mining camp, seizes firearms at Boin River
11 minutes -
Fire erupts at Madina Ritz Junction, destroys multiple wooden structures and containers
25 minutes -
Daniel-Kofi Kyereh returns from long-term injury, registers assist for Freiburg U23
38 minutes -
Knifeman calling himself ‘Lucifer’ slashes three at NYC’s Grand Central
53 minutes -
Brands are built from within to without Â
53 minutes -
Matriculants urged to pursue excellence as gov’t reaffirms support for Maritime education
55 minutes -
See the areas that will be affected by ECG’s planned maintenance on Monday, April 13, 2026
1 hour -
GPL 2025/26: Salim Adams double fires Medeama back to summit after Kotoko rout
1 hour -
Two robbery suspects convicted following violent gold dealer attack in Obuasi
1 hour -
Supreme Court @150: Fanfare meets reflection as nationwide activities roll out
1 hour -
Padel for Parkinson’s cycling event promotes awareness at University of Ghana
2 hours -
GPL 2025/26: Samuel Tetteh brace fires Nations FC past Basake Holy Stars
2 hours -
Ghana’s oil trade position close to net neutral in near term – Fitch
2 hours -
IMANI Africa President urges greater awareness and support for Parkinson’s Disease patients
2 hours