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    Home » Budweiser brewer renews with FIFA despite World Cup stadium beer ban in Qatar

    Budweiser brewer renews with FIFA despite World Cup stadium beer ban in Qatar

    By SHOOTThursday, June 8, 2023Updated:Tuesday, May 14, 2024No Comments1684 Views
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    President Gianni Infantino meets the media at the FIFA World Cup closing press conference in Doha, Qatar, Friday, Dec. 16, 2022. (AP Photo/Martin Meissner, File)

    By Graham Dunbar, Sports Writer

    GENEVA (AP) --

    Budweiser will still be the official World Cup beer through the 2026 tournament in the United States, after brewer AB InBev renewed with FIFA on Thursday despite a troubled time with men's 2022 World Cup host Qatar.

    Two days before the tournament began in Qatar, World Cup organizers withdrew a longstanding promise to let fans at stadiums buy beer with alcohol.

    The move blindsided the brewer whose Budweiser brand has been the World Cup beer since the 1986 tournament.

    FIFA seemed unable to protect AB InBev under pressure from Qatar in a dispute which seemed a potential breach of contract issue for soccer's world body. The conservative Muslim nation signed up to honor FIFA's commercial partners when it started bidding to be host in 2009.

    Though sales of Budweiser dropped in stadiums, the global publicity over the dispute arguably boosted the brewer and left little doubt which brand was tied to the World Cup.

    A renewal for the 2026 World Cup seemed a done deal even during the dispute in Doha. FIFA president Gianni Infantino said then that relations with AB InBev were good and handshakes had been exchanged before arriving in Qatar.

    There was no mention of past problems Thursday in a FIFA statement confirming AB InBev would sponsor the Women's World Cup that kicks off next month in Australia and New Zealand, and the men's 2026 tournament which will be co-hosted by the U.S., Canada and Mexico and will increase to 104 games from 64.

    "FIFA World Cup tournaments are the most popular sporting events in the world" AB InBev chief marketing officer Marcel Marcondes said. "We are deeply connected to the fans and to football all over the world, which is why we're excited about extending the relationship with FIFA."

    The value of the renewal was not stated. The sponsorship was reported to be about $75 million for the previous World Cup.

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    Tags:AB InBevBudweiserWorld Cup



    With its stock in sharp decline, Trump’s media company will buy $400 million of its own shares

    Tuesday, June 24, 2025
    President Donald Trump speaks from the East Room of the White House in Washington, Saturday, June 21, 2025, after the U.S. military struck three Iranian nuclear and military sites, directly joining Israel's effort to decapitate the country's nuclear program. (Carlos Barria/Pool via AP)

    President Donald Trump's media company plans to buy back up to $400 million of its stock, which have lost 46% of their value this year.

    Trump Media and Technology Group, which operates the Truth Social media platform, said Monday that the acquisition will improve its financial flexibility. It will retire the shares after they are purchased, meaning these particular shares can't be reissued.

    Companies can drive their stock higher by acquiring or removing the number of company shares outstanding. Trump is the largest stakeholder in Trump Media, with about 114 million shares.

    Shares of Trump Media rose just over 2% Monday. But the shares appeared to peak about a month after the company went public in late March. Shares have been on a steady, downward trajectory since.

    The company said early this year that it lost $400.9 million in 2024 and its annual revenue declined 12% to $3.6 million.

    After winning the U.S. presidential election in November, Trump transferred all of his shares in the company — worth around $4 billion on paper — as a gift to the Donald J. Trump Revocable Trust. Trump's shares amounted to more than half of the company's stock.

    The company said Monday that it will fund the buyback separately from its Bitcoin treasury strategy. Under that plan, institutional investors will buy $2.5 billion in the company's stock with the proceeds going to build up a bitcoin reserve.

    Trump Media joins other companies with similar cryptocurrency strategies, including cloud and mobile software developer MicroStrategy, which is building a reserve containing billions worth of bitcoin.

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