Makes sense though, in a way, as an aspiration at least. No other teams, and they'd never lose. Never win either, of course, and the games would be a bit boring...

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As for the World Cup, the right way would be, as Kampervan suggested, for FIFA to nominate the region, and invite countries in that region to volunteer to host it. Then it'd be a matter of determining which countries were up to the job, according to criteria openly laid down - and sticking the names of those countries in a hat to determine the actual host.