Abuja - The Soccerex Trade and Conference Convention, scheduled for end of November in Brazil, has been cancelled.
The cancellation followed widespread protests that criticised government’s spending for the FIFA 2014 World Cup.
A statement by Soccerex on Wednesday said that the decision had been taken by the Rio de Janeiro State Sports Ministry out of security concerns and that it was a "political decision".
The News Agency of Nigeria (NAN) recalls that protests about government’s spending priorities had erupted across Brazil during the Confederations Cup in June.
Soccerex, which provides a conference and commercial platform for 4 500 football senior decision makers, was scheduled for November 30 to December 5 at the Maracana Stadium in Rio de Janeiro.
According to the statement, it is with great disappointment that we must confirm that the final Soccerex Global Convention in Brazil will now not be taking place.
"With the ongoing civil unrest, the Rio de Janeiro State Secretary of Sports took the political decision to withdraw their support from the Soccerex Global Convention.”
The statement expressed regrets on the cancellation, saying that all plans had been mapped put to guarantee a successful convention.
"Preparations for the event at the Maracana Stadium were well advanced with content planned, speakers confirmed and partnerships in place.
"To be summarily cancelled in such a cavalier fashion, having hosted 33 events over five continents is extremely frustrating
"It’s in contravention of all of the contractual obligations of the Rio State Government, who has been notified of our intention to instigate legal proceedings for substantial compensation”.
The Soccerex African Forum will take place in Durban in November 2014 and two other Soccerex events, one in Russia, and one in the Americas are soon to be announced.