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WORLD CUP SOCCER SURPLUS TO BE SPENT OVER TIME
Published December 1, 1994
According to U.S. Soccer Federation Exec Dir/Secretary General Hank Steinbrecher, the U.S. Soccer Foundation plans to be "very conservative" with the $60M surplus from the World Cup, "perhaps disbursing" somewhere between $5-6M a year. That money "presumably would come" from interest and investment of the principal. Steinbrecher: "We could spend all the money quickly and make a terrific impact and get a pat on the back. But I'd rather have my grandchildren get that pat on the back." A "prime candidate" for early funds: "deprived economic areas" (Jerry Langdon, USA TODAY, 12/1).