Sao Paulo's Morumbi stadium, one of the biggest and best-known in South Africa, has been dropped from the 2014 World Cup in Brazil, the local organising committee and FIFA said on Wednesday.Organisers said the stadium was dropped because the city failed to provide financial guarantees to cover the cost of renovating the arena."The Morumbi is therefore excluded from the 2014 World Cup project," said the organisers in a statement.They said a later announcement would be made as to whether another stadium in Sao Paulo could replace the Morumbi.(Reporting by Pedro Fonseca; Editing by Jon Bramley)News posted by www.newsinfoline.com
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