FIFA Postpones Bidding On 2026 World Cup

FIFA has suspended bidding for the 2026 World Cup, as it wrestles with a corruption scandal that has seen its president resign and a U.S.-led investigation. The soccer organization's secretary general, Jerome Valcke, told a press conference Wednesday that the process will be postponed, media reports said. The decision on a host nation for the 2026 World Cup was scheduled for May 2017, with Mexico, Canada and Colombia among those expected to bid. Valcke did not say when the rescheduled process would now begin, the reports said. He was speaking at a presentation on the 2018 World Cup in Russia, which is now under scrutiny for its own bidding process, as is the 2022 tournament awarded to Qatar.

Copyright © 2015 MarketWatch, Inc.