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View Poll Results: What European bid should be selected as host?
England 217 35.06%
Portugal & Spain 119 19.22%
Belgium & Netherlands 85 13.73%
Russia 198 31.99%
Voters: 619. You may not vote on this poll

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Old November 25th, 2010, 06:16 AM   #641
MysteryMike
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Spain's 2018 World Cup Stadium Plans May Struggle With Host Cities' Debts

Spanish cities proposing to spend $1.2 billion on 2018 World Cup stadiums face trouble getting loans to finance the work, analysts said.

Malaga, Zaragoza and Santander are among public administrations that would be stymied by a central government push to cut Spain’s deficit, said Angel Laborda, chief economist at Spanish savings bank foundation Funcas.

A Spain/Portugal bid is vying with England, Russia and a Netherlands/Belgium alliance in a Dec. 2 vote by soccer ruling body FIFA. Spain and Portugal are tightening budgets to try to stem a surge in borrowing costs after Ireland’s planned 85 billion-euro ($114 billion) bailout by the European Union and International Monetary Fund.

“If building these stadiums means taking on more debt, I fear that they won’t happen,” Laborda said in an interview. “The government won’t let” the cities do so, Laborda added.

The Spain/Portugal bid is third-favorite at 7-2 with bookmaker William Hill Plc behind Russia and England at 4-5 and 13-8, respectively. The Netherlands/Belgium bid is the 50-1 outsider. A successful $1 bet on Spain/Portugal would yield $3.50 plus the original stake. Spain hosted the event in 1982 while Portugal has never done so.

The U.S., Australia, Japan, South Korea and Qatar are competing to stage the 2022 World Cup, whose host will also be announced Dec. 2 in Zurich.

Eleven Spanish cities, some backed by regional authorities, plan to help bankroll work on 21 proposed stadiums in the Iberian bid between 2011 and 2017, according to a report by Zurich-based FIFA published on Nov. 18.

Officials from Malaga, Zaragoza and Santander, slated to spend $286 million, said by telephone they don’t expect to be able to borrow for investments in 2011 under government legislation announced this year because their debt-to-revenue ratios will exceed 75 percent in the current year.

A Malaga city official said its stadium plans are on hold pending the Dec. 2 vote. Zaragoza is seeking funding for an arena and could get around the city’s ban on credit by partnering with private investors, Miguel Garcia, a town hall spokesman, said by telephone. Santander city officials didn’t reply to e-mailed questions about their plans.

The central government has pledged to cut the overall deficit to 6 percent of gross domestic product next year from 11.1 percent in 2009. It’s reducing infrastructure spending, freezing pensions next year and raising levies including a 2 percentage-point increase in value-added tax to 18 percent.

Local authorities would need to make extra cuts to meet the costs of the stadiums, said Giada Giani, an economist at Citigroup Global Markets Ltd. in London.

“The pressure on the budget will stay high” for several years, Giani said. “We don’t expect the sovereign debt situation to go away anytime soon.”

Bid chief executive Miguel Angel Lopez said the organizers would need to cut nine of the 21 proposed stadiums if it is picked as host to meet FIFA’s maximum of 12, and could drop those with funding difficulties.

http://www.bloomberg.com/news/2010-1...ies-debts.html

Last edited by MysteryMike; November 25th, 2010 at 06:28 AM.
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Old November 25th, 2010, 09:25 AM   #642
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Russia 2018 & Australia 2022 for me.
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Old November 25th, 2010, 09:51 AM   #643
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Quote:
Originally Posted by matthemod View Post
That's the point, you assume. You can't make sweeping generalisations about an entire countries culture based upon what language they speak. I would say American culture is as diverse and different to English culture as Russian is, we just speak the same language (kind of). Fair enough let's just agree to disagree.
Seriously.

"Two countries divided by a common language."

I think British culture is strange.

British "humour" is pretty boring to me. (The Office USA >>>> The Office UK).

And don't get me started on those British accents!
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Old November 25th, 2010, 09:58 AM   #644
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Quote:
Originally Posted by hngcm View Post
Seriously.

"Two countries divided by a common language."

I think British culture is strange.

British "humour" is pretty boring to me. (The Office USA >>>> The Office UK).

And don't get me started on those British accents!
But they are so varied, some mustn't bother you that much.
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Old November 25th, 2010, 02:23 PM   #645
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Quote:
Originally Posted by hngcm View Post
Seriously.

"Two countries divided by a common language."

I think British culture is strange.

British "humour" is pretty boring to me. (The Office USA >>>> The Office UK).

And don't get me started on those British accents!
British humour >>>>>>>>>>>>>>>>>>>>>>>> American humour

Easily.
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Old November 25th, 2010, 02:35 PM   #646
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Agreed, Americans can't laugh at themselves.
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Old November 25th, 2010, 03:50 PM   #647
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Quote:
Originally Posted by hngcm View Post
British "humour" is pretty boring to me. (The Office USA >>>> The Office UK).
The fact that someone can even think that highlights a pretty big cultural difference.

And he's from wild and crazy San Diego too.
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Old November 25th, 2010, 04:31 PM   #648
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Arshavin will also be in Zurich on presentation of Russia-2018 bid.
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Old November 25th, 2010, 07:16 PM   #649
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As expected
Quote:
South America to back Spain-Portugal 2018 World Cup bid

Spain and Portugal's 2018 World Cup hopes have received a boost after South America's Conmebol federation came out in support of the joint Iberian bid.

"The 10 countries are agreed to give the vote to Spain," said Conmebol's general secretary Eduardo Deluca.

That translates into three votes for the Spain-Portugal bid on 2 December with Brazil, Paraguay and Argentina represented on Fifa's executive group.

Conmebol had been expected to vote for Spain-Portugal rather than England.

Russia and Netherlands-Belgium are the other countries competing to stage the 2018 event, while Australia, the United States, Qatar, Japan and South Korea are vying to stage the 2022 finals.

The Conmebol meeting, held in the Paraguayan capital of Asuncion, did not discuss which country it will support for the 2022 finals, which will also be voted on at Fifa's Zurich headquarters on 2 December.

Earlier this week the Spain-Portugal chief executive Miguel Angel Lopez claimed they already had secured as many as eight of the 22 Fifa votes - "All the fish is sold," said the Iberian head.

Last week Fifa executive committee members Amos Adamu and Reynald Temarii were banned from voting in the 2018 and 2022 World Cup hosting ballot.

Their exclusion leaves 22 members on Fifa's executive committee with Uefa having eight votes, Concacaf (three), Asia (four), and Oceania unable to vote following Temarii's ban.

...

BBC
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Old November 25th, 2010, 08:53 PM   #650
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Yep, and bears are Catholic and the Pope shits in the woods.
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Old November 25th, 2010, 11:24 PM   #651
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Quote:
Originally Posted by hngcm View Post
British "humour" is pretty boring to me. (The Office USA >>>> The Office UK).
Oh dear. Taxi for that man.
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Old November 26th, 2010, 12:52 PM   #652
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Formula 1 boss Bernie Ecclestone suffered a head injury when he was mugged in central London, police sources said on Friday, just weeks after suggesting the city's streets were more violent than those of Brazil.

The 80-year-old billionaire was kicked and punched by his attackers before they escaped with about 200,000 pounds ($319,220) worth of jewellery, media reports said.

Four men were waiting for him and his Brazilian girlfriend as they arrived at the headquarters of his business, Formula One Holdings, in Knightsbridge, central London, on Wednesday evening.



Just unbelievable.
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Old November 26th, 2010, 12:56 PM   #653
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Sad news, though I'd imagine this would carry infinitely more weight with FIFA delegates when considering whether London is capable or not. From a couple of days ago:

The International Olympic Committee (IOC) Coordination Commission for the London 2012 Games has concluded its seventh visit to the British capital, following three days of meetings with representatives of London 2012 and its partners.

With a little over a year and a half to go until the London Games, the London Organising Committee for the Olympic Games (LOCOG) remains on track as it transitions from planning to the operational phase of its preparations, with test events starting in earnest next year.

In addition to receiving updates on the progress made since its last visit in July, the Commission, led by Chairman Denis Oswald, visited a number of the venues, including Wembley Arena, Earls Court, Hadleigh Farm, the Royal Artillery Barracks and the new velodrome being built in the Olympic Park.

These visits allowed the Commission to witness firsthand the progress being made on the London 2012 project and its legacy.

“We can see the pieces of the puzzle falling into place now, and the big picture is rapidly becoming visible,” Oswald said.

“Preparations are advancing at an astonishing rate and LOCOG, the ODA, and their partners should be congratulated for the high quality of the work they are producing across this complex project. The continued support of the British government for the Games has also been key to the progress made since our last visit, and they should be thanked for the efforts that they have made in these challenging times. This underlines the British people’s strong connection to sport and to the Olympic Games in particular.”

-----

Muggings happen in all big cities, but few cities could do what London is doing with its preparations for 2012; preparations which the IOC - the closest equivilent body to FIFA - has had nothing but glowing praise for.

Last edited by RobH; November 26th, 2010 at 01:32 PM.
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Old November 26th, 2010, 04:03 PM   #654
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Quote:
Originally Posted by USP View Post
Formula 1 boss Bernie Ecclestone suffered a head injury when he was mugged in central London, police sources said on Friday, just weeks after suggesting the city's streets were more violent than those of Brazil.

The 80-year-old billionaire was kicked and punched by his attackers before they escaped with about 200,000 pounds ($319,220) worth of jewellery, media reports said.

Four men were waiting for him and his Brazilian girlfriend as they arrived at the headquarters of his business, Formula One Holdings, in Knightsbridge, central London, on Wednesday evening.



Just unbelievable.
this sounds rather more like a planned robbery than a mugging
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Old November 26th, 2010, 06:42 PM   #655
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Ok, according to you, english tabloids don't exsist anymore...you know that english media like to throw shit and disrestpect anything farther from their own nose.

Noob?...lol...sorry for not being down on my knees in front of you my Lord...it's really sad to look down to people in a forum to feel somebody, isn't it?...lol...
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El mundo es tan grande y uno tan pequeño...
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Old November 26th, 2010, 06:44 PM   #656
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lol indeed
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Old November 26th, 2010, 11:29 PM   #657
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The first bid that will be eliminated is NOT bel/holland
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Old November 27th, 2010, 01:11 AM   #658
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I'm praying that the Spain & Portugal Bid doesn't win because that simply means that the Netherlands will still end up paying the bill for the World Cup.
Same here. With the current financial woes in Portugal and Spain, it's not a good idea to let them host the WC.
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Old November 27th, 2010, 01:39 AM   #659
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thats odd, normally Bernie does the mugging
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Old November 27th, 2010, 01:54 AM   #660
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The 80-year-old billionaire was kicked and punched by his attackers before they escaped with about 200,000 pounds ($319,220) worth of jewellery, media reports said.
I thought only rappers would walk around with that much jewllery, now i have to add 80-year old englishmen to that list.
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