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Organizers poised to financial crisis impact on 2010 World Cup
22/11/2008 12:18

ORGANIZERS of the South Africa 2010 World Cup are adopting a wait-and-see approach to the impact of the global financial crisis on the world premier soccer tournament.

"We will just have to wait and see," said the World Cup chief executive Danny Jordaan when asked in Sandton what the impact of the current economic turmoil might be on the event.

He said there were indications that the financial situation should improve by the second half of 2010.

"Even if you accept people will have fewer dollars in their pockets, these dollars will provide more rands.

"That will have an impact as people may still travel as a destination becomes a cheaper destination but we'll just have to wait and see how things pan out."

FIFA secretary general Jerome Valcke said in any case hundreds of thousands of people were not expected because few tickets were actually available for the event.

He said since the World Cup was played every four years, "it is one of those events we are waiting for, so if your team qualifies, you just come".

Valcke said even though there was a serious financial crisis going on, he was "not afraid", as the sport remained a "safe business".

"At FIFA we are very old women, so we are very careful with our money," he said.

Jordaan also said ticket prices for next June's FIFA Confederations Cup in South Africa would remain the same despite global exchange rate fluctuations.

The draw for the Confederation Cup, which features eight teams -- Italy, South Africa, Spain, Brazil, Egypt, Iraq, New Zealand and the United States, will take place at the Sandton convention centre in Johannesburg on Saturday.

Valcke said the Confederations Cup would give FIFA a chance to check the structures for the World Cup.

"It will give us a road map of what we must improve, add or change... We are confident," he said.

In terms of preparations for the 2010 Cup, LOC chairman Irvin Khoza said even if all World Cup stadium were not ready by the December 31 deadline, they would be ready by the end of January at the latest.

He also dismissed reports that FIFA had bullied any of the host cities into meeting additional requirements as budgets began to overrun.

Valcke said he had signed a letter yesterday saying FIFA would ensure that sit-down discussions would take place if any big requests over and above the requirements already agreed to were needed.

"We will first sit down and discuss if we are good for this," he said.