Where the Fifa's our £50m?

Date: 17-06-2011 7:34 am (12 years ago) | Author: TONI MATH
- at 17-06-2011 07:34 AM (12 years ago)
(m)
THE poverty-stricken people of South Africa are still waiting for £50million promised to them by FIFA - a YEAR after staging football's World Cup.

President Sepp Blatter and his cronies, who raked in an estimated £1.24billion from the tournament, earmarked the cash for education, health and social projects as well as soccer development.

But red tape means it will remain stacking up interest in scandal-hit FIFA's Swiss bank account for at least another five months.

Lawyer Richard Spoor - representing locals in Matsafeni, where the 41,000-seater Mbombela Stadium was especially built - said: "Even now there's no adequate water supply and the living conditions are totally unsanitary.

"The roads are unpaved and there's no proper sewage system. The conditions are unhealthy and frankly quite deplorable."

In all, some £60million was earmarked for FIFA's 2010 Legacy Programme. The South African FA has spent £12million on a swanky new HQ in Johannesburg.

The High Court has to rubber-stamp the setting up of a trust to decide how to distribute the remaining cash.

Fund spokesman Greg Fredericks confirmed: "None of the £50million has been spent - not one cent. The money is still in Zurich. The delay is simply down to the amount of time it takes to establish legally recognised bodies for handling this amount of money."

Read more: http://www.thesun.co.uk/sol/homepage/news/3642944/South-Africa-still-waiting-on-50m-FIFA-payment.html#ixzz1PVpuRiBX

Posted: at 17-06-2011 07:34 AM (12 years ago) | Upcoming
- ade2sexy at 25-06-2011 12:48 PM (12 years ago)
(m)
50million pounds for what
Posted: at 25-06-2011 12:48 PM (12 years ago) | Newbie
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