World Cup insured for £6.2bn 07/06/2010 |
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Lloyd’s of London has confirmed that the 2010 World Cup in South Africa has been insured for more than £6.2bn.
Fifa, national teams, broadcasters and other firms have all taken out policies, while stadiums and training venues for the tournament are covered for £3.2bn.
The other £3bn is linked to the event account through other business opportunities.
"Competitions, offers, prizes, sponsorship, broadcast rights - it's impossible to know how many there are, but all companies with these financial implications need coverage," said Chris Nash, active underwriter at Sportscover told the BBC.
A Lloyd’s spokeswoman revealed indirect problems could range from broadcasting glitches caused by delayed matches through to retailers offering free goods if a particular team won the competition.
"If the opening ceremony is delayed, that will affect the broadcasters, because they've got their advertising slots in place," she said.
"Similarly, if the final has to be delayed for whatever reason, people might want money back for their tickets."
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