Hyundai Motor joined other major FIFA corporate sponsors in welcoming today the resignation of Sepp Blatter as president of football’s scandal-wracked governing body, calling it a “positive first step”.
The South Korean carmaker, which with affiliate Kia Motors makes up the world’s fifth largest auto group, signed up to become FIFA’s official automotive partner until 2022 back in 2010.
Hyundai, which had voiced deep concern following the arrest of seven FIFA officials in Switzerland for bribery last week, said Blatter’s decision to step down would allow comprehensive reform of the way FIFA is run.
“Hyundai Motor views this announcement … to be a positive first step in creating a governance structure that ensures the highest ethical standards for the sport,” a company statement said.
“We remain committed to supporting the fan passion of football around the world,” it added.
Major sponsors pay an estimated $30m a year each to be official partners of FIFA, giving them the right to promote their products at football games and other events around the world.
Hyundai-Kia is a presenting sponsor for the 2018 World Cup in Russia, alongside Adidas, Coca-Cola, Visa, Budweiser and McDonald’s. The Hyundai response fell largely in line with statements from the other sponsors.