FIFA to insure World Cup by bond

FIFA, the international governing body of world football, confirmed that it plans to sell a $250m (€228m) bond to insure the 2006 World Cup championship in Germany.

Mon, 01 Sep, 2003 - 18:04

FIFA, the international governing body of world football, confirmed that it plans to sell a $250m (€228m) bond to insure the 2006 World Cup championship in Germany.

If the sale goes through, bondholders rather than FIFA would be responsible for costs if the 2006 soccer World Cup in Germany is cancelled.

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CourtsHeathrowPlace: GermanyPlace: USEvent: World CupEvent: 2006 soccer World CupOrganisation: FIFA
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