The FIFA World Cup is a wonderful international event held every four years. Fans coming from all over the world will descend into the host country and thus bring colors, passion, energy and culture. The world game is a wonderful acknowledgment to the country that plays host, and the event has promised a lot of promise of global radiation, tourism and millions of dollars of money in the economy.
FIFA, the international governing body for football, requires the host country to comply with detailed rules and regulations, including security, transportation, accommodation, training facilities, opening and closing ceremonies, marketing, promotions, ticket sales , questions.
Are there any financial risks that are worth taking such an event? Infrastructure issues (such as airports, roads, stadiums and public transport) for hosting such events are usually the main complications. When Athens hosted the Olympic Games in 2004, its budget increased from $ 1.6 billion to $ 16 billion. Beijing in 2008 rose from $ 1.6 billion to $ 40 billion. London 2012 price tags fell from $ 5 billion to $ 20 billion. Up to now, it has been estimated that $ 5 billion in South Africa and $ 1.1 billion in FIFA have been spent before the 2010 World Cup.
Potentially millions of dollars of tourists inject small businesses, hotels, restaurants, gift shops, tours and delivery hosting at the FIFA tournament. At the same time, the costs involved with the significant influx of visitors are to ensure the safety of fans and troops, counter-terrorism activities, race sensitivity and the acquisition and installation of high-tech surveillance equipment.
Revenues from selling tickets to games if they fail will be fired in the host country as it may take years to get the spending on the global event. History determines the success of the FIFA tournament. The global exposure of the global event in the coming years may be beneficial for the host country and its local suppliers / industries.
An American economist's study of the historical experiences of the host countries since 1954 shows that among the 13 championships, 7 of the 1954 years saw economic growth slower in the World Cup than in the two years until the event. On the other hand, 9 of the 13 host countries showed faster economic growth in the 2 years following the event.
The goal of the FIFA World Cup is to create the world through a culture of intercultural interaction and international competition. In the world affected by wars, racism and religious intolerance, the contribution of the FIFA World Cup to the universal brotherhood that is beneficial to mankind can not be quantified.
About 6 billion people are watching the Olympics, but it is pale, compared to 26 billion, who is estimated to watch the FIFA World Cup.
South Africa hosts the 2010 FIFA World Cup in June and July. The next FIFA World Cup will be held in June and July 2014 in Brazil, a nation that crowned the 1958, 1962, 1970, 1994 and 2002 world championships.
Source by SBOBET