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Sepp Blatter pledges $100M to Brazil

Updated: June 28, 2013, 5:22 PM ET
Associated Press

RIO DE JANEIRO -- FIFA President Sepp Blatter responded Friday to criticism of the cost of staging the World Cup in Brazil by pledging to give at least $100 million in profits back to the country.

Soccer's world governing body gave South Africa $100 million to invest in development projects after the 2010 World Cup, but had not previously said it would establish a similar "social fund" after the 2014 tournament to Brazil.

The Confederations Cup, which serves as a World Cup warm-up ...

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