Saudi Arabia's plans to dramatically increase the size and scope of football stadiums around the country have "been shelved" because of the impact of falling oil prices, sources have told Reuters.
Qatar defended its successful 2022 World Cup bid on Friday following corruption scandals in soccer's governing body Fifa and said it would carry on with plans to stage the event.
Qatar's World Cup organising committee said
Embattled Fifa president Sepp Blatter called on members of world soccer's governing body to stick together to stamp out corruption in the wake of the latest scandal to hit the game.
Addressing the Fifa delegation at Friday'
Qatar's bourse fell sharply on Thursday, driven by news of criminal investigations against Fifa soccer officials as well as by profit-taking after an upgrade of some stocks by index compiler MSCI. Most other Gulf markets were also soft.
Visa has told Fifa it could end its sponsorship of soccer's world governing body if it does not act fast to restore the reputation of the game after senior officials were arrested on bribery and corruption charges.
Soccer World Cup sponsor Nike said it was cooperating with authorities after bribery and corruption charges against senior Fifa officials were announced by US prosecutors and arrests were made in Switzerland.
US prosecutors issued
The world's most popular sport was plunged into turmoil on Wednesday as seven senior soccer officials were arrested on US corruption charges and faced extradition from Switzerland, whose authorities also announced a criminal investigation in
Swiss police arrested some of the most powerful figures in global soccer on Wednesday, announcing a criminal investigation into the awarding of the next two World Cups and plunging the world's most popular sport into turmoil.
Soccer's governing body Fifa called the arrest of six of its leading figures on bribery charges a "difficult moment" but said President Sepp Blatter would not step down and that the next World Cups would go ahead as planned in Russ
Six high-ranking soccer officials, including two vice-presidents of world governing-body Fifa, were arrested by Swiss police on Wednesday and detained pending extradition to the US.
The arrests were made by plain-clothed police sh