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SA World Cup funds to flow

PAYBACK: Bafana players Anele Ngcongca, left, and Steven Pienaar tackle France's Franck Ribery during the World Cup. Funds will be allocated to clubs whose players took part in the tournament. Photo: SYDNEY SESHIBEDI
PAYBACK: Bafana players Anele Ngcongca, left, and Steven Pienaar tackle France's Franck Ribery during the World Cup. Funds will be allocated to clubs whose players took part in the tournament. Photo: SYDNEY SESHIBEDI

FIFA general secretary Jerome Valcke will finally be in Johannesburg next week to get the World Cup legacy trust under way, the final step before the millions that South Africa earned from the 2010 tournament can be spent on developing the game in the country.

Valcke's focus on getting the next World Cup in Brazil on track has delayed the disbursement of money in South Africa, one of the issues that promoted an unseemly spat between the South African Football Association and Olympic body Sascoc in February.

Valcke is one of the Fifa members on the trust's board who will determine where the money goes.

His deputy Markus Kattner, who is also head of the finances of world soccer's governing body, is accompanying him.

"My priority has been the problems we are having to get things organised in Brazil," Valcke told reporters earlier in the year.

But Fifa has already transferred the $80m (R634m) legacy over and now that the trust has been registered, next Wednesday's inaugural board meeting will formally set up the operation of the legacy trust.

"Following this constitutional meeting, which consists of the trust parties Fifa, Safa, the government and the private sector, the South African public will be informed about the detailed project submission procedure," said a Fifa spokesman.

The 2010 Legacy Trust is administered by international auditing company Ernst and Young and no money can be withdrawn without the agreement of the trustees and the approval of the auditors.

Before any money can be spent, projects must be reviewed by the trust to see whether they are legitimate. The trust will pick only those that benefit the public.

The beneficiaries will be selected for projects in the following four areas:

  • Football: administration, development, coordination or promotion of non-professional football;
  • Education and development;
  • Health care; and
  • Humanitarian activities.

In February, Sascoc and Sports Minister Fikile Mbalula expressed concern over the fund, which set off a war of words with Safa, later resolved in a private meeting between the officials.