RIO DE JANEIRO, Oct. 31 (Xinhua) -- A study ordered by Rio's State Government showed that a "joint administration," comprised of two local clubs and the Brazilian Football Confederation (CBF),will be the best management alternative for the Maracana Stadium, informally announced as host of the final match of the 2014 World Cup, reported the local press on Wednesday.

Rio government hired U.S. consulting firm Booz Allen Hamilton to develop a study on the financial viability of the stadium's management, in order to prepare a public bidding process that will take place in Nov.

An aerial view of the aging Olimpico do Para stadium, popularly known as the Mangueirao, in Belem, at the mouth of the Amazon River, Oct. 27, 2007. The Mangueirao, inaugurated in 1978 with a capacity for nearly 55,000 spectators, is one of the stadiums with a good chance of hosting World Cup soccer matches. (Xinhua/Reuters Photo)

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According to the State Secretary of Sports, Tourism and Leisure Eduardo Paes, the firm's report showed that it is not possible to have only one football club running the Maracana, whose public capacity reaches almost 89,000.

Club Flamengo, whose football team has the most numerous fans in Brazil, has announced a consortium with the Bonham Group and AEG Worldwide to fight for it.

"It is impossible for only one club to run the stadium up to the World Cup and adjust it to FIFA's requirements. Flamengo's board of directors will have to understand," Paes told the press.

Booz Allen Hamilton also stated that the "joint administration" would be economically viable to "at least two big clubs in Rio' Flamengo and Fluminense."

The participation of CBF in the management of the Maracana is regarded as "essential," as the entity controls all the rights related to the country's five-time world champion national team. Additionally, the confederation's prestige with FIFA would help the arena host the Museum of Football, one step ahead in the project to turn the Maracana into the "World Temple of Football" up to 2014.

The Maracana has undergone recent reforms that cost 200 million reais (115 million U.S. dollars), but the consulting firm estimated that the necessary reforms for the Cup will take another40 million reais (23 million U.S. dollars).

It will be the first time that the historical stadium, which hosted the one Cup held in Brazil, in 1950, will be managed by private associates. Since its inauguration, it has been run by the local governments.

A view of a wide screen that reads, "New Maracana, future venue of the World Cup finals 2014" at Maracana stadium in Rio de Janeiro, Oct. 27, 2007. (Xinhua/Reuters Photo)