FIFA Creates $100 Million Fund To Develop Football In Brazil

FIFA agreed to create a $100M fund "to develop the sport in Brazil, a country that has won the World Cup more times than any other," according to Tariq Panja of BLOOMBERG. Brazilian Football Confederation (CBF) President Jose Maria Marin said, "Brazilians will remember the 2014 FIFA World Cup for generations to come as a tournament that made a fundamental contribution to our football." FIFA "was targeted before the event by protesters using the slogan 'Fora FIFA,' or 'Get out FIFA.'" FIFA Secretary General Jerome Valcke said, "The legacy fund will be an excellent platform to spread the benefits of the unforgettable 2014 FIFA World Cup. As in South Africa and Brazil, it is also our intention to use the upcoming FIFA World Cups to promote the sustainable development of football in the host countries." Construction of an artificial-turf field in the northern city of Belem, which did not host World Cup games, "will be the first project to be completed under the program" (BLOOMBERG, 11/10).