The World Cup was meant to be a celebration of a new Brazil -- powerful, prosperous and jubilant. When the ball starts rolling in three days the world may instead view images of violence and inefficiency.
Munich Re has up to $400 million on the line insuring against delays or cancellations of World Cup matches. The world’s largest reinsurer is counting on Brazilian President Dilma Rousseff to do whatever it takes to avoid the embarrassment that would result from interruptions.
Soccer’s governing body will have to change the way it organizes World Cups after setbacks and potential last-minute problems at this year’s tournament in Brazil, FIFA General Secretary Jerome Valcke said.
FIFA General Secretary Jerome Valcke today confirmed he sent an e-mail to another official with soccer’s governing body in which he said Qatar “bought” its surprise selection for the 2022 soccer World Cup.