Qatar Losing World Cup Looks Good Bet as Scandal Hurts Markets - Bloomberg:
"Betting on Qatar losing the right to host the 2022 soccer World Cup was suspended by a U.K. bookmaker because of new allegations about the bidding process.
Gala Coral Group Ltd. stopped accepting wagers because its oddsmakers believe there’s a good chance the tournament will be taken away from the desert emirate, spokesman John Hill said. The uncertainty caused stocks and bonds to tumble on Qatari markets yesterday.
Mohammed bin Hammam, a former soccer executive from Qatar, paid more than $5 million to influence officials before tournament voting in 2010, the U.K.’s Sunday Times newspaper reported June 1. Bin Hammam declined to comment on the story, while Qatari organizers said he played no role in their bid and that they had the highest standard of ethics.
U.K. bettors staked a “five-figure” sum on Qatar losing the tournament at odds as high as 5-1 yesterday, Hill said by phone yesterday. A successful $1 bet would yield a $5 profit, plus the stake."
'via Blog this'
No comments:
Post a Comment