Fifa world cup 2010 Business and Finance


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Some information on the business of the Fifa World Cup 2010.

Source from the BBC Business news

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Fifa world cup 2010 Business and Finance

  1. 1. Fifa World Cup South Africa 2010 The Business Side
  2. 3. <ul><li>Japan's massive infrastructure programme for the 2002 World Cup, for one, failed to boost its economy. </li></ul><ul><li>The 2000 Sydney Olympics, never attracted the visitor numbers predicted. </li></ul><ul><li>In 2004, the Athens games were costed at $1.5bn (£1bn); that ended up costing 10 times as much. </li></ul>
  3. 4. <ul><li>In 2004, when Fifa awarded the tournament to the country, consultants Grant Thornton predicted costs of just $300m on stadiums and infrastructure and a boost to gross domestic product of $2.9bn. </li></ul><ul><li>Today we know that $300m would not have even covered the cost of rebuilding Soccer City, where the opening game and final will be held, let alone the other $1bn needed to build and refurbish the other stadiums. </li></ul>
  4. 6. <ul><li>When the costs of upgrading airports, inner city transport, telecoms infrastructure and the actual running of the show are counted, the total bill for the World Cup has risen more than tenfold, to almost $4bn. </li></ul>
  5. 7. The Financial Bill <ul><li>Transport - $1.2bn </li></ul><ul><li>Stadiums - $1.12bn </li></ul><ul><li>Organising committee - $428m </li></ul><ul><li>Broadcasting/ICT - $387m </li></ul><ul><li>Ports of entry - $200m </li></ul><ul><li>Security - $89m </li></ul><ul><li>Legacy projects - $45m </li></ul><ul><li>Telecommunications - $40m </li></ul><ul><li>Arts and culture - $20m </li></ul><ul><li>Training volunteers - $3m </li></ul><ul><li>Total cost - $3.5bn </li></ul>
  6. 8. <ul><li>In Portugal, which built 10 stadiums for the 2004 European football championships, Augusto Mateus, a former economics minister, argued that the most sensible thing to do with many of these buildings is to pull them down and start again. </li></ul><ul><li>In South Africa, while there may be the legacy of an improved transport infrastructure, its future remains dependent on a successful resolution to the simmering conflict between the established taxi industry and the new buses. </li></ul>
  7. 9. 2014 <ul><li>The 2014 World Cup has been awarded to Brazil, which follows on from Rio winning the 2012 Olympics. </li></ul><ul><li>Can Brazil afford two such massive events in such a short time? </li></ul>
  8. 11. 2018 and 2022 Bids <ul><li>Fifa inspectors go to Japan first as they begin their two-month tour of the nine countries bidding to stage the World Cup in 2018 and 2022. </li></ul><ul><li>The team will spend three days with each of the bidders to inspect stadiums and other facilities. </li></ul><ul><li>After trips to South Korea, Australia, co-bidders the Netherlands/Belgium and Russia, the delegation is scheduled to visit England between 23 and 26 August. </li></ul><ul><li>Joint bidders Spain/Portugal, Qatar and the United States will also be visited. </li></ul><ul><li>An evaluation report from the team, headed by the Chilean football federation president, will be used by Fifa executive committee members when they decide which of the bidders will host the 2018 and 2022 finals at a meeting in Zurich on 2 December. </li></ul>