Tuesday, October 21, 2008

World Cup Not Affected by World Economy?


Apparently football's greatest tournament isn't affected by world economics ...

According to Danny Jordaan, president of the South African organizing committee, the world economic crisis will only have a "limited impact" on preparations for the 2010 World Cup.

Jordaan said stadium construction costs had gone up by 10 percent compared with the initial budget, due to the rising cost of steel, concrete and exchange rate variations.

"These increases were calculated some while ago and all costs are now frozen. There will therefore not be an impact on our stadium budget," he added.

"No one in the world can say they are not affected by the world economic crisis but its impact should be less on our country. What worries us the most is the long term consequences and the quicker we get through this, the better. We are keeping an eye on what is happening but as I speak there is not a serious or direct impact on World Cup preparations."

MY POV: Well, at least something is immune from the pressures of the world economic crisis. Why not let it be football? Of course we all know that the Cup's attendance figures may suffer and the South African economy may be impacted a bit during the games.

But it's nice to know there's a stable constant in this world: football.

Something tells me that people will pay out of their nose no matter their economic situation should their country make the Cup ...



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