12.11.2008 - 16:05

FIFA makes millionaire's insurance against unexpected cases of the Cup

FIFA announced on October 24th , an insurance of U.S. $ 650 millions to protect against possible problems that occur during the preparation of Africa and Brazil’s world Cup that could stop the realization of world’s football event. According to FIFA, the maneuver is a standard procedure and that the insurance covers external attacks against the organization and natural disasters and do not require a change in the World Cup host country's.

 

Moreover, the entity claimed that the instability generated by global financial crisis has not affected its economy and that the current situation can be described as "privileged and comfortable." FIFA appears calm also in relation to  sponsors. The president of FIFA, Joseph Blatter, said that 95% of the budget is already under contract and that FIFA had received almost all the resources he was entitled to get by its sponsors.

"We have 95% of our budget already under contract and that has managed our costs. The diversification of our revenues and our contractual partners for television give us a cautious optimism about the future," concluded the manager.

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