MasterCard sued FIFA last year after it awarded the sponsorship to rival Visa International. In December,
a federal judge found that FIFA had breached its 2002 agreement with MasterCard. In May, an appeals court vacated the judge's decision, pending further review.
MasterCard had sponsored the tournament--one of the world's most-viewed sporting events--since 1990. CMO Larry Flanagan says the settlement gives MasterCard "the flexibility of not being locked in a four-year cycle."
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