The southern hemisphere would never walk away from the world cup. Its far too important to them.
The main problem that all of the money is in the European game. Money equals power and obviously votes as well.
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I agree with you but something has to be done as many of the smaller nations that play like Samoa and Tonga will disappear if something doesn't change. I can see the 4 teams from the Rugby Championship doing something now and they need to. I can see them playing more games in America over the next 4 years as that is where the future money is.