Brazil hails FIFA's $100m legacy fund

The President of the Brazilian Football Confederation (CBF), Jose Maria Marin, Monday welcomed the signing of a memorandum enshrining implementation of FIFA's $100 million World Cup Legacy Fund.
Marin signed the memorandum of understanding for the fund at FIFA headquarters in Zurich along with FIFA secretary general Jerome Valcke and CBF president-elect Marco Polo Del Nero.
The fund will be used to develop Brazilian football at grassroots level and also to provide welfare provision in poor communities, the bulk of the cash being earmarked for the 15 federal states which did not host World Cup action.