This document discusses the costs and benefits of hosting the FIFA World Cup. It notes that while South Africa spent $5 billion on hosting, FIFA contributed only $1.1 billion and profited $1.9 billion. Hosting provided temporary economic boosts but also had significant social costs, as 40% of Africans live on less than $2 per day. The document questions whether the large financial investments required are worthwhile for host countries, or mainly serve to enrich FIFA.
This document discusses the costs and benefits of hosting the FIFA World Cup. It notes that while South Africa spent $5 billion on hosting, FIFA contributed only $1.1 billion and profited $1.9 billion. Hosting provided temporary economic boosts but also had significant social costs, as 40% of Africans live on less than $2 per day. The document questions whether the large financial investments required are worthwhile for host countries, or mainly serve to enrich FIFA.
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This document discusses the costs and benefits of hosting the FIFA World Cup. It notes that while South Africa spent $5 billion on hosting, FIFA contributed only $1.1 billion and profited $1.9 billion. Hosting provided temporary economic boosts but also had significant social costs, as 40% of Africans live on less than $2 per day. The document questions whether the large financial investments required are worthwhile for host countries, or mainly serve to enrich FIFA.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
Mr. Rahul Bhatia Ayan Dhingra Mukesh Pandey SE-3 Branded FIFA cont’d…. Planning to bid for FIFA??? ► Security ► Transportation ► Accommodation ► Training Facilities ► Marketing ► Sales Promotion ► Infrastructure ► Opening & Closing Ceremony Dealing in Numbers…… South Africa poured $5bn FIFA contributed $1.1bn, Created 1,59,000 jobs watched by 26bn people across nations Earnings through…. ► Hotel industry ► Restaurants ► Saloons ► Ticket sale ► Tourism Who made money??? For qualifying 32 teams get: $1mn each Last 16 teams get: $8mn each Last 8 teams get: $9mn each Last 4 teams get: $14mn each Team placed at 4th get: $18mn Team placed at 3rd get: $20mn Team placed at 2nd get: $24mn Team placed at 1st get: $30mn Other side of coin… ► FIFA profit: $1.9bn ► Equivalent to 0.7% of S.A GDP ► FIFA make more profit out of tournament than south Africa Some bitter facts… ► 40% of African population lives on less than $2 per day ► Tournament gave only 0.5% bump in GDP of country ► 60% of African population is poor ► Amount spend by S.A was equivalent to the package approved by IMF for recession hit economy Post FIFA ► Seasonal employment ► Temporary boom in hotel industry & in tourism ► Stadiums do not contribute in national income ► Contracts for building infrastructure were given to companies dear to Govt. FIFA MAFIA >In 1994 U.S economy lost $9.6
bn While FIFA pocketed huge
profit
> Promoting sponsors &
humiliating local vendors
FIFA MAFIA ► Really developing the economy!!! FIFA made a contract with S.A Govt. that African Govt. will take no share out of television marketing & shoulder the cost of new sport stadium & related infrastructure ► Members of bidding committee made huge profit out of the tournament THANK YOU