Who Is The Best Paid Footballer In The World Benefits of Hosting World Cup Soccer

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Benefits of Hosting World Cup Soccer

The FIFA World Cup is an amazing international event that takes place every four years. Fans from all over the world descend on the host country bringing with them an outpouring of colour, passion, energy and culture. The World Games is a wonderful tribute to the host country, plus the event promises a lot of global broadcasting, tourism and injecting millions of dollars into the economy.

FIFA, the international governing body for football (soccer), requires the host country to comply with detailed regulations and specifications including security, transport, accommodation, training facilities, opening and closing ceremonies, marketing, promotions, ticket sales, insurance and other administrative matters.

Are there financial risks worth organizing such an event? Infrastructural issues (such as airports, roads, stadiums and public transport) to host such an event are usually among the main complications. When Athens hosted the Olympics in 2004, its budget rose from US$1.6 billion to US$16 billion: Beijing’s in 2008 rose from US$1.6 billion to around US$40 billion. In 2012, the London price tag for the Games rose from US$5 billion to around US$20 billion. It is estimated that South Africa has so far spent US$5 billion and FIFA US$1.1 billion on preparations for the 2010 World Cup.

Potentially millions of dollars from tourists are injected into small businesses, hotels, restaurants, souvenir shops, tours and transportation from FIFA tournament hosts. However, the costs associated with a significant influx of visitors are the security of fans and all teams, anti-terrorist activities, control of racial sensitivity, procurement and installation of high-tech surveillance equipment.

Revenue from ticket sales for the matches, if not realized, would flow back to the host country as it may take years to recoup the costs of hosting such a global event. History will determine the success of FIFA tournament hosts. Global exposure to this world event can benefit the host country and its local suppliers/industries for years to come.

A study by an American economist on the historical experience of host countries since 1954 found that in 7 of the 13 tournaments since 1954, economic growth was slower in the year of the World Cup than in the two years preceding the event. On the other hand, 9 of the 13 host countries since 1954 have shown faster economic growth in the 2 years following the event.

What the FIFA World Cup does is bring the world together through a competition that encourages cross-cultural interaction and international understanding. In a world plagued by wars, racism and religious intolerance, the World Cup contributes to universal brotherhood, whose benefits to humanity are impossible to quantify.

Around 6 billion people watch the Olympics, but this pales in comparison to the 26 billion estimated to watch the FIFA World Cup.

South Africa is hosting the 2010 FIFA World Cup from June to July. The next FIFA World Cup will be held from June to July 2014 in Brazil, the nation that was crowned world champions in 1958, 1962, 1970, 1994 and 2002.

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