The economic crisis has forced Scotland and Wales to abandon their plan to submit a joint bid to host the Euro 2016. The BBC reports that Scotland and Wales decided that the cost of upgrading and building new stadia to accommodate all the matches was too high.
Wales' deputy first minister and minister for economy and transport Ieuan Wyn Jones said, "The cost of bringing other venues up to this standard would run into tens of millions of pounds.
"In the current economic and financial climate, this is unaffordable."
A Scottish FA spokesman said, "The Scottish FA can confirm that we will not be pursuing a joint bid for the 2016 European Championships.
"The infrastructure required for the new expanded tournament makes it extremely difficult for us to even consider hosting. Quite apart from the stadia required, the pressure on transport, training camps and accommodation would be massive.
"We do want to host a major championships here in Scotland but, particularly in these tough economic times, we have to be realistic about the huge costs involved."