Brazil has been named as the host nation for the 2014 football World Cup. The South American country was the only one bidding to host the tournament, which was due to be staged on the continent under FIFA's rotation system.

Brazil have won the tournament a record five times and hosted the World Cup once before, in 1950, when they lost 2-1 in the final to Uruguay. Brazil is setting aside around £550m to update its stadiums, including the Maracanã in Rio de Janeiro which hosted the 1950 World Cup final.

FIFA President Sepp Blatter said that "the World Cup will have such a big social and cultural impact in Brazil". As the news filtered through, celebrations broke out in various towns around the country with fireworks and festivities.

But will Brazil be good hosts? Send your comments.