Brazil withdrew its bid to host the 2023 Women’s World Cup, arguing on Monday it can not supply FIFA the monetary assurances it wants due to the influence of the coronavirus pandemic.
The Brazilian Football Confederation additionally mentioned in a press release it’ll help Colombia’s bid towards Japan and the joint candidacy of Australia and New Zealand. South America has by no means hosted the event. A call is anticipated on June 25.
The confederation mentioned the administration of President Jair Bolsonaro instructed FIFA it couldn’t supply monetary ensures “because of the state of affairs of fiscal and financial austerity, brought on by the impacts of the COVID-19 pandemic.”
The confederation “understands the place of warning of the Brazilian authorities, and of different private and non-private companions, which stopped them from formalizing the commitments inside time or within the required type,” the assertion added.
Brazil’s economic system is anticipated to contract this 12 months by a minimum of 7.4%, funding financial institution Goldman Sachs predicts.
The nation is the toughest hit by COVID-19 in Latin America, with greater than 37,000 confirmed deaths.
Brazil’s soccer physique additionally mentioned the excessive variety of huge sporting occasions within the final decade might additionally hurt the probabilities of its bid to host the Women’s World Cup.