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	<title>MoneyBlogNewz &#124; Financial Education &#38; Gossip &#187; world cup</title>
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		<title>Bidding for 2018 FIFA World Cup fraught with controversy</title>
		<link>http://personalmoneystore.com/moneyblog/2010/12/01/2018-fifa-world-cup/</link>
		<comments>http://personalmoneystore.com/moneyblog/2010/12/01/2018-fifa-world-cup/#comments</comments>
		<pubDate>Wed, 01 Dec 2010 20:40:24 +0000</pubDate>
		<dc:creator>Peter Stone</dc:creator>
				<category><![CDATA[World]]></category>
		<category><![CDATA[2018 world cup]]></category>
		<category><![CDATA[2022 world cup]]></category>
		<category><![CDATA[bill clinton]]></category>
		<category><![CDATA[david cameron]]></category>
		<category><![CDATA[fifa world cup]]></category>
		<category><![CDATA[soccer world cup]]></category>
		<category><![CDATA[vladimir putin]]></category>
		<category><![CDATA[world cup]]></category>

		<guid isPermaLink="false">http://personalmoneystore.com/moneyblog/?p=95483</guid>
		<description><![CDATA[Currently, various nations are entering bids to win the hosting rights to the 2018 and 2022 FIFA World Cup. However, the bidding process is getting blasted for being rife with corruption. Russian Prime Minister Vladimir Putin has boycotted the voting procedures in Zurich. Allegations of corruption in World Cup bidding The bidding process is currently [...]]]></description>
			<content:encoded><![CDATA[ <div class="wp-caption alignright" style="width: 298px"><a href="http://commons.wikimedia.org/wiki/File:Vladimir-Putin_RobertGates.JPG" rel="external nofollow"><img title="Vladimir Putin" src="http://lh6.ggpht.com/_rw-8LvkNqYk/TPat3bcObMI/AAAAAAAAC6U/nRaUKrnh5kU/s288/Vladimir%20Putin.JPG" alt="Vladimir Putin" width="288" height="189" /></a><p class="wp-caption-text">Russian Prime Minister Vladimir Putin, left, abstained from World Cup bidding in Zurich after allegations of corruption. Image from Wikimedia Commons.  </p></div>
<p>Currently, various nations are entering bids to win the hosting rights to the 2018 and 2022 FIFA World Cup. However, the bidding process is getting blasted for being rife with corruption. Russian Prime Minister Vladimir Putin has boycotted the voting procedures in Zurich.</p>
<h2>Allegations of corruption in World Cup bidding</h2>
<p>The bidding process is currently ongoing in Zurich, Switzerland, for the right to host the 2018 and 2022 <a href="http://personalmoneystore.com/moneyblog/2010/10/26/paul-the-octopus/">FIFA World Cup</a>, or informally the Soccer World Cup. British media recently made accusations that Russia bribed an official to vote in Russia&#8217;s favor, which prompted Prime Minister Vladimir Putin to skip the proceedings, according to <strong>CNN</strong>. He strongly condemned the allegations as dragging the bidding process through the mud and accused the British of engaging in unfair competition with the accusations. Other political heavyweights, such as Prime Minister David Cameron of Britain and Bill Clinton, are in Zurich lobbying for their respective nations.</p>
<h3>Nations in the Running</h3>
<p>The front-runners for the 2018 World Cup, according to <strong>The Telegraph</strong>, are Russia and England, along with  joint bids from Spain and Portugal and Belgium and Holland. For the 2022 World Cup, the leading bids are from Qatar, the United States, Japan, South Korea and Australia. The United States and England lead their respective groups, as both have the infrastructure and the cash to put on a World Cup easily. Both the U.S. and U.K. have hosted world cups before.</p>
<h3>Rights for the World Cup are prestigious</h3>
<p>World cups, such as the football, a.k.a.  soccer world cup, cricket world cup or rugby  world cup, bring prestige  to the host nation, along with a lot of revenue. Thousands of tourists  arrive to cheer on  their countrymen and watch the pinnacle of world  sport. It isn&#8217;t free, either; new stadiums often need to be built and  the host country often has to pay  the governing body a lot of <a title="money" href="https://personalmoneynetwork.com">money</a>  should the bid be successful.</p>
<h3>Sources</h3>
<p><a href="http://edition.cnn.com/2010/SPORT/football/12/01/russia.2018.putin/?hpt=T2" rel="external nofollow">CNN</a></p>
<p><a href="http://www.telegraph.co.uk/sport/football/teams/england/8169781/World-Cup-2018-England-as-hosts-would-make-the-most-money-according-to-Fifa-study.html" rel="external nofollow">The Telegraph</a></p>
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