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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Fifa

Nobody Seems to Want to Host the 2026 World Cup

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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March 16, 2018, 12:06 PM ET
Brazil vs Equador : 2018 FIFA World Cup
PORTO ALEGRE, BRAZIL - AUGUST 31: Neymar (10) of Brazil in action against Antonio Valencia (Rear) of Ecuador during the 2018 FIFA World Cup Russia qualifying match between Brazil and Ecuador at Arena do Gremio in Porto Alegre, Brazil on August 31, 2017. (Photo by Leonardo Benassatto/Anadolu Agency/Getty Images) Leonardo Benassatto—Anadolu Agency/Getty Images
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The 2026 World Cup is having trouble finding a home.

Chicago and Minneapolis have taken themselves out of the running for the soccer tournament. They join Vancouver, which said it no longer wanted the World Cup two days ago.

There are still 20 North American cities in the running to host the games, part of a ‘unified’ bid by the U.S., Canada and Mexico, but cities have become increasingly wary of FIFA’s demands of host cities.

“FIFA could not provide a basic level of certainty on some major unknowns that put our city and taxpayers at risk,” said Chicago Mayor Rahm Emanuel.

The story was the same in Minneapolis.

“Unfortunately, the inability to negotiate the terms of the various bid agreements did not provide our partners and our community with sufficient protections from future liability and unforeseen changes in commitments,” the bid committee said in a statement.

Monoco is the only other country that has put itself in the running for the 2026 World Cup.

FIFA’s woes mirror, in some ways, the problems the Olympic Organizing Committee has had with finding homes for the Olympics of late. Host cities often invest hundreds of millions of dollars in building stadiums and infrastructure for the games, ultimately resulting in tremendous debt.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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