Digger: Fifa sets aside £400m for World Cup collapse | Columnists | guardian.co.uk Football

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 Digger: Fifa sets aside £400m for World Cup collapse |  Columnists | guardian.co.uk Football  Links3
Fifa has been forced to build a 400m contingency fund to cater for the possible collapse of the 2010 World Cup. Insurers are holding off on a decision to provide coverage for the event in South Africa amid fears that the stadiums will not be ready in time. Assessors for Munich Re, the German insurance giant which insured the 2006 tournament in Germany, are concerned about progress. "The ... [link]

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Top 6 football news balls - Real wait on Ronaldo, FIFA saves £400m for World Cup collapse, Bojinov back for Man City
Published 4/2/2008 by Ollie Irish at Who Ate All The Pies
... 2. Amid fears that the stadiums will not be ready in time, FIFA has set aside a £400m emergency fund to be used in the event of the 2010 World Cup collapsing like a big, football-shaped flan. Guardian 3. Bulgarian striker Valeri 'I've got a girl's name' Bojinov (pictured) will finally resume first team training next week, seven months after rupturing knee ligaments on his debut for Man City. ...

Is World Cup 2010 Insured, or Not?
Published 4/3/2008 by Daryl at World Cup Soccer - South Africa 2010
... Two conflicting stories emerged yesterday. On one hand, The Guardian were claiming that FIFA were struggling to find anyone to insure against World Cup 2010 collapsing. They quote a spokesman for insurers Munich Re as saying “The situation is quite difficult and fluid. The problem is they need 10 stadiums and some of these are rugby grounds that are run-down and in a very bad condition.” ...

Fifa set aside £400m contigency fund for South Africa 2010
Published 4/11/2008 by Cherie Getchell at Soccerlens
... or not by Fifa - can identify with. The instigation of this contingency plan stems from the insecurities of insurers, which led to indecisiveness in whether they will provide coverage for South Africa. At this point, a full commitment from the insurers is lacking. Because insurance is so essential to such a massive event, FIFA is smart to set aside a Plan B fund, but its not helping put anyone at ease. The insurers are not simply hedging their bets. As told to The Guardian, Munich Re, the German insurance conglomerate who insured the 2006 World Cup, ...

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