FIFA WC bidders to be banned from making foreign investment

Amidst the ongoing crisis in the football's world governing body, FIFA is planning to amend the bidding rules by prohibiting the countries from making foreign investment in overseas football development projects.

The organisation would also demand the bidding nations to stick to United Nation's standards on human rights and labour laws, the BBC reported.

Meanwhile, the existing clause, which gave the authority to all countries wishing to stage the World Cup to pump money into the game outside their own borders, will be scrapped.

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No bidding nation would be allowed to spend money on the overseas football development projects, both prior to, and after, any vote.

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FIFA sources have acknowledged that the earlier regulation increased the risk of corruption.

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Meanwhile, the bidding process for the 2026 FIFA World Cup has been postponed.

The change in the bidding law seems to be coming after FIFA ex-official Chuck Blazer had admitted that he and others on the executive committee had agreed to accept bribes for choosing South Africa as the host for the 2010 World Cup.

He also accepted that he arranged for bribes to be paid for the 1998 event as well.