By Mike Esterl 

Coca-Cola Co. has formally requested that FIFA support an independent commission to reform the soccer's scandal-plagued governing body.

The letter by the longtime sponsor, sent to FIFA's leadership last week, raises pressure on embattled FIFA President Sepp Blatter to overhaul the soccer association ahead of its planned executive committee meeting Monday.

Sponsors have signaled growing unease with FIFA since U.S. authorities in May indicted 14 people linked to the organization on corruption charges. Mr. Blatter, who hasn't been indicted or admitted to any wrongdoing, said last month he intended to step down.

A Coke spokeswoman confirmed Friday the letter was sent to FIFA urging that a third-party commission be overseen "by one or more eminent, impartial leaders" to manage reform. She declined to provide more details about the letter.

The Atlanta-based beverage giant sent a separate letter earlier Friday to the International Trade Union Confederation, or ITUC, a Brussels-based international labor association campaigning for FIFA reforms. In that letter, reviewed by The Wall Street Journal, Coke said it made its formal request to FIFA on July 9 and that an independent commission was necessary to overhaul FIFA's governance and human rights requirements.

"We believe that establishing this independent commission will be the most credible way for FIFA to approach its reform process and is necessary to build back the trust it has lost," Coke stated in its letter to ITUC.

Atlanta-based Coke has sponsored FIFA since 1978 and its current deal runs until 2030.

Write to Mike Esterl at mike.esterl@wsj.com

Access Investor Kit for The Coca-Cola Co.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US1912161007

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Coca Cola (NYSE:KO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Coca Cola Charts.
Coca Cola (NYSE:KO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Coca Cola Charts.