FIFA and CBF Sign Memorandum of Understanding

By iSportconnect | November 11, 2014

FIFA has signed a Memorandum of Understanding (MoU) with the Brazilian Football Confederation (CBF) for the implementation of the 2014 World Cup Legacy Fund.

The MoU was signed at FIFA headquarters by FIFA Secretary General Jerome Valcke and a CBF delegation.

The Legacy Fund will be a total of $100 million (£63 million) and will be used to promote development in areas such as infrastructure, women’s and grassroots football, healthcare and social programmes for underprivileged communities with a special focus on the 15 states that were not home to Brazil 2014’s Host Cities.

“The signing of this MoU confirms FIFA’s commitment towards the sustainable development of football in Brazil,” said FIFA Secretary General Jérôme Valcke.

“We are convinced that the legacy fund will be an excellent platform to spread the benefits of the unforgettable 2014 FIFA World Cup.

“As in South Africa and Brazil, it is also our intention to use the upcoming FIFA World Cups to promote the sustainable development of football in the host countries.”

CBF President José Maria Marin commented: “Through this legacy fund, the 2014 FIFA World Cup will prove a catalyst for Brazil’s football development, particularly at youth and grassroots level. We are truly convinced that Brazilians will remember the 2014 FIFA World Cup for generations to come as a tournament that made a fundamental contribution to our football.”

Brazil’s Sports Minister Aldo Rebelo added: “Today is an important day for Brazilian sport, as this legacy fund confirms the benefits the World Cup has brought and will bring to Brazil.”

The first project of the 2014 FIFA World Cup Legacy Fund unveiled by Valcke and Marin in July 2014, which will be four football pitches (three artificial and one natural grass) located next to Belem’s Estadio Olímpico do Para stadium, is almost complete.

While funding, monitoring and control will be the responsibility of FIFA, project proposals and implementation will be the responsibility of CBF based on specific plans submitted to and approved by FIFA.

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