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A North American 2026 World Cup bid ‘would create £8bn profit for Fifa’

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1 WCup

A joint bid by the US, Canada and Mexico to host the 2026 World Cup would make an $11bn (£8.1bn) profit for world governing body Fifa, the organisers say.

A North American World Cup is projected to create $14bn (£10.3bn) in revenue.

US Soccer president Carlos Cordeiro said it would be “the most successful World Cup ever”.

Morocco have also bid to host the event and have received significant support in recent weeks.

The North African nation submitted a 193-page document to Fifa in March detailing the reasons why it should host the tournament.

The vote to award the 2026 event takes place on 13 June in Moscow.

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US President Donald Trump previously said that it would be “a shame if countries we always support” lobbied against the US bid.

However, Cordeiro said on Tuesday he hoped Fifa members would set aside politics when they vote next month.

“The question of who will host in 2026 has at times become mixed with geopolitics,” Cordeiro added.

“We are asking that we be judged, not on the politics of the moment, but on the merits of our bid.”

The United States previously hosted the World Cup in 1994 and Mexico has hosted it twice, in 1970 and 1986.

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Business

Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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