FIFA Is Giving Brazil $100 Million After The Country Spent $15 Billion On The World Cup

new Friday 23rd January 2015

‘Football’s world governing body FIFA said Tuesday it had set up a $100 million World Cup Legacy Fund for Brazil, aimed at sports facilities, youth and women’s football, and medical and health projects.
FIFA President Sepp Blatter pledged two years ago to give some of the revenue from the 2014 World Cup back to grassroots programs in the South American country, which spent about $15 billion organizing last year’s World Cup.
Spending on the Rio de Janeiro 2016 Olympics is expected to top $15 billion.’
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