Stallion Security chief executive Clive Zulberg confirmed via a public relations firm the company had cancelled the contract.
"A dispute has now arisen between Stallion
and the LOC
(Fifa Local Organising Committee), resulting in the agreement between Stallion and the LOC being cancelled," said Zulberg
in an earlier statement.
said the salary rates of the staff were determined by the LOC
understands that the LOC
has made various public statements to the effect that it played no role in determining the rate of remuneration payable to Stallion's
guards for the 2010 FIFA World Cup.
That is false," said Zulberg
"The Psira (Private Security Industry Regulatory Authority) linked rates were determined at the LOC's insistence," he
"In fact, in respect of match-day guards, Stallion
successfully negotiated the LOC
upwards to time-and-a-half on the Psira tariff."
said a confidentiality clause prevented the company from divulging any specifics on the contract between them and Fifa, including the reason why the contract was cancelled.