Visa seals World Cup sponsorship

Visa has confirmed that it is to be the global sponsor of the 2010 and 2014 FIFA World Cups.

The deal follows FIFA's $90m (£45m) payout to settle its legal dispute with incumbent sponsor MasterCard, which claimed it should have been given first refusal on the deal.

The activity surrounding Visa's tie-up, which also includes the under-20 and women's tournaments, will be handled by Wieden & Kennedy, which has been handed responsibility for the brand's global World Cup ad account.

The agency picked up the £100m business in a pitch against RKCR/Y&R, TBWA\Chiat\Day, 180 Amsterdam and Saatchi & Saatchi London, which was put on hold during court proceedings.

Visa will become FIFA's sixth and final top-tier partner. It already has global sponsorship deals with the Rugby World Cup and the Olympic Games.

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