Mexico have withdrawn their bid to host the 2018 World Cup due to financial concerns.
Financial worries end World Cup dream
Mexico have withdrawn their bid to host the 2018 World Cup due to financial concerns.
The Central Americans have previously hosted two World Cups in 1970 and 1986, but explained that the global economic crisis coupled with the funding needed to bring their stadia up to scratch would cost too much.
The decision will improve England's own chances of holding the tournament but they will still face competition from United Sates, Australia, Indonesia, Japan, Russia and joint bids from Spain and Portugal and Belgium and Holland.
Mexico were considered outsiders for the 2018 tournament with near neighbours USA putting together an impressive package.
"The decision is based on two premises: the global economic environment and the investment that would be required in infrastructure," a statement on the Mexican Football Federation's
official website read.
"The foreseeable outlook regarding the global economic environment does not allow the country's authorities - neither at federal nor local government level - to commit funds towards the necessary works required by an event of this magnitude.
"In Mexico we do have a sufficient number of stadia to stage the contest, but the majority of these were built several years ago to meet Fifa requirements."
