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The FIFA World Cup is an amazing international event held every four years. Fans from all over the world descend culture of the host country brought an outpouring of color, passion, and energy. The world is a wonderful game award of the country that plays host as a plus in the event promising to global broadcast, tourism and inject millions of dollars into the economy.
FIFA, the international governing body for football (soccer)required to meet the hosts with detailed requirements and specifications, including security, transportation, accommodation, training facilities, opening and closing ceremonies, marketing, sales promotion, ticketing, insurance and other administrative matters.
Are there financial risks worth hosting such an event? Infrastructure issues (such as airports, roads, stadiums and public transport) are to host such an event is usually among the major complications. When Athens hosted the OlympicGames in 2004, went their budget of U.S. $ 1,600,000,000 U.S. $ 16,000,000,000: Beijing in 2008 was of U.S. $ 1.6 billion U.S. dollars to about U.S. 40,000,000,000th London price tag for the 2012 Games has blown from U.S. $ 5,000,000,000 to approximately U.S. $ 20,000,000,000th Until now, Africa is estimated to have spent U.S. $ and South 5000000000 1100000000 FIFA U.S. $ on the preparations before the World Cup kick-off of the 2010th
Potentially millions of dollars from tourists can be injected in small businesses, hotels, restaurants,Souvenir shops, tours and transport from the host of the FIFA tournament. However, the costs associated with a significant influx of visitors by ensuring security for all fans and teams, anti-terrorism activities, police work and racial sensitivities purchase and installation of high-tech surveillance equipment.
The proceeds from the sale of tickets for the games, if it were not reached back to the host country fire, it can take years to work again for hosting such a globalEvent. The story is about the success of hosting the FIFA tournament. this world event can benefit the host country's overall risk and its local suppliers / industry in the coming years.
The study by a U.S. economist at the historical experience of the host countries since 1954 showed that in 7 of the 13 tournaments since 1954, economic growth has been slower in the World Cup year than in the two years before the event. On the other hand, 9 of the 13 hostNations since 1954, a faster economic growth in the 2 years after the event showed.
As for the FIFA World Cup is that it brings the world together through competition to promote cross-cultural interaction and understanding among peoples. In a world plagued by wars, intolerance, racism, religious, FIFA World Cup with the universal brotherhood of whose benefits for humanity is impossible to quantify.
6 billionPeople watch the Olympics, but that is pale in comparison to the 26 billion that is estimated to see World Cup to FIFA.
South Africa hosts the FIFA 2010 World Cup in June-July. The next FIFA World Cup July 2002 June to 2014 in Brazil, a nation that was crowned World Champion 1958, 1962, 1970, 1994, and.