FA to pay out £500,000 to Fiat
The Football Association (FA) has been forced to pay out as much as £500,000 compensation to Fiat, after prematurely ending its commercial deal as its official car supplier.
The FA: payout to Fiat after ending commercial deal
The FA has signed a three-and-a-half-year deal with rival car brand Vauxhall to become headline sponsor of the England team, thus causing a conflict of commercial partners.
The FA did not disclose specific financial details of the amount it had to pay to Fiat, which signed a four-year deal with the FA to be its official car supplier in February 2010. Reports suggest the figure is as much as £500,000.
Vauxhall is due to sign sponsorship agreements with the three other home nations, Scotland, Wales and Northern Ireland.
The FA confirmed it had exited its agreement with Fiat. Fiat was unavailable for comment.
Latest jobs Jobs web feed
- Senior Brand Manager Ball & Hoolahan £Excellent Salary Package , South East England / London (Greater)
- Innovation Senior Brand Manager Ball & Hoolahan £48,000 + Car/Car Allowance, South East England
- Digital Marketing Specialist Colyer London £25000 per annum, London (Central), London (Greater)
- Senior Brand Manager Diageo Great reward package for great talent, Amsterdam / Dublin / Madrid / London (Greater)
- Digital Display Executive (fashion e-commerce) Farfetch Competitive + bonus + benefits, London (Central), London (Greater)
- Marketing Communications Senior Manager Lloyd's of London Competitive salary and benefits package , London (City of), London (Greater)