NFL Appeals Judge's Peterson Decision NBPA's Roberts Questions Media Availability Major League Lacrosse Eyes Houston Expansion Big Papi Slams New Batter's Box Rule Bettman Hits On Range Of Topics MLB Briefing Teams On Pace-Of-Play Rules MLS, Union Still At Impasse On CBA League Notes Is Logano NASCAR's Latest Fresh, Young Star? Manfred Open To Shortening MLB Season
Upcoming Conferences and Events
SBD/1/Leagues Governing Bodies
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).