Nike says it is cooperating in FIFA probe

Wed, May 27th 2015, 06:10 PM

Nike says it is cooperating with authorities in the U.S. probe of FIFA, the governing body of soccer worldwide.

On Wednesday, U.S. officials charged seven FIFA members with racketeering and corruption and announced a sweeping investigation. Swiss officials also raided FIFA headquarters, seizing records and computers to investigate whether the decisions to award World Cups to Russia and Qatar were rigged.

Nike is not an official FIFA sponsor. But it pays to have the Brazilian and other countries' national teams wear its shirts and other gear. This is the first time it has acknowledged that it has been contacted in the investigation.

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