Do International Footballers Get Paid For Playing For Their Country Benefits of Hosting World Cup Soccer

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Benefits of Hosting World Cup Soccer

The FIFA World Cup is an amazing international tournament held every four years. Fans from all over the world descend on the host nation and bring with them colour, passion, energy and culture. The World Games are an incredible accolade for the host country and the event promises to inject millions of dollars into global broadcasting, tourism and the economy.

FIFA, the international governing body for soccer (football), requires host nations to adhere to detailed rules and specifications including security, transportation, accommodation, training facilities, opening and closing ceremonies, marketing, advertising, ticketing, insurance and other administrative matters.

Are there financial risks involved in organizing such an event? Infrastructural issues (such as airports, roads, stadiums and public transport) are usually among the major complications in hosting such an event. When Athens hosted the Olympic Games in 2004, its budget rose from US$1.6 billion to US$16 billion: Beijing’s from US$1.6 billion to US$40 billion in 2008. The cost of London for the 2012 Games has increased from US$5 billion to US$20 billion. So far, South Africa is estimated to have spent US$5 billion and FIFA US$1.1 billion on preparations ahead of the 2010 World Cup.

Hosting FIFA tournaments injects potentially millions of dollars from tourists into small businesses, hotels, restaurants, souvenir shops, tours and transportation. However, the costs associated with the significant influx of visitors are the provision of security for fans and all teams, anti-terrorist activities, policing racial sensitivity and the purchase and installation of high-tech surveillance equipment.

If revenue from ticket sales for the Games is not realized, the host country may come under fire as it may take years to recover the costs of hosting such a global event. History will determine the success of FIFA hosting the tournament. The global exposure of this global event can benefit the host country and its local suppliers/industries in the years to come.

A US economist’s study of the historical experience of host nations since 1954 shows that in 7 out of 13 tournaments since 1954, economic growth has been slower in the World Cup year than in the two years of the tournament. On the other hand, 9 of the 13 host nations since 1954 have shown rapid economic growth in the 2 years following the event.

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

About 6 billion people watch the Olympics but this pales in comparison to the 26 billion who 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 won the World Cup in 1958, 1962, 1970, 1994 and 2002.

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