Also agreed. World sports aren't worth putting money into. For $275 + the cost of the world sport, I'm sure you could find a Prelude, Circuit, Tempo, or something similar.

The brake calipers that are included with that won't work. You'll also need to invest in long reach brake calipers.
The bottom bracket is Italian and you'll need english.
I don't think that seatpost will work either, but I could be wrong.