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Jun24
FIFA Experiments With Insurance Pool For World Cup Players
The World Cup is center stage for the most popular sport on the planet and also a potential catastrophe for soccer/football/futbol clubs throughout the world.  The president of Fédération Internationale De Football Association (FIFA) Sepp Blatter says, “soccer's governing body must develop a way to cover the insurance costs of players who get injured while on national team duty”  according to forbes.com.

According to Blatter FIFA regulations say “the club is responsible for the insurance. But (World Cup) regulations also say the national team is responsible to (guarantee) the player is decently insured.


In case players are not insured or inadequately insured FIFA started “the World Cup insurance pool in 2004, amounting to $12.5 million, or 5 percent of the tournament's prize pool and now FIFA is looking to expand the project.”


This years World Cup is the testing ground for the insurance pool which still faces obstacles, such as a formula on injury claims.  Questions abound regarding claims.  Was he already injured?  What is his salary?  What is really the loss?

The experience for FIFA in Germany this year will be invaluable for insuring players in future World Cups.   

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