Nationwide Building Society is playing down media reports that it threatened to terminate its England sponsorship unless the Football Association sacked Glenn Hoddle.
It categorically denies that it ever said it would ban Hoddle from wearing its logo if he remained in place.
It is also denying that it pressurised Hoddle to sever links with controversial faith healer Eileen Drewery.
Marketing manager Mike Lazenby says: "The England boss has a duty to ensure his views do not have a damaging impact on the FA, England players or sponsors."
Press officer Mark Hatton says: "We are glad that the FA has acted quickly and decisively. We are now looking forward to concentrating on football matters and the match against France."