The Qatar 2022 World Cup is being called the ‘most expensive World Cup in history’.
As for the stadium alone, seven new ones were built with the designs of famous architects.
Furthermore, we spent nearly 300 trillion won on general urban maintenance, including accommodation, roads, and city cooling.
This is the largest hosting cost in the history of the World Cup, more than twice the cost of hosting the previous eight World Cups.
Unfortunately, there are pessimistic forecasts that the returns will not be very high.
This is the result of a study by the University of Lausanne in Switzerland reported by The Economist.
From the 1966 World Cup in England to the previous World Cup in Russia 2018, only one of the 14 World Cups in Russia has resulted in the country hosting the competition making a profit.
The cost of the World Cup is mainly borne by the host country, and most of the revenue is analyzed due to the revenue distribution structure that FIFA adopts.
In fact, in the 2014 World Cup, FIFA earned 4.8 billion dollars, or earned more than 6 trillion, in the name of television broadcasting rights, stadium entrance fees, and official sponsorship fees, but only paid 100 million dollars to Brazil, the country host.
Furthermore, after the World Cup is over, the management costs for stadiums and supporting facilities are not too high.
For example, the $550 million World Cup Stadium in Brazil that you see now is being used as a bus parking lot to cover huge maintenance costs.
On the other hand, foreign media reports that the United Arab Emirates, Qatar’s neighboring country, are the biggest beneficiaries of this World Cup are also attracting attention.
The Wall Street Journal reported that Dubai, United Arab Emirates, was packed with soccer fans from all over the world who came to cheer for the World Cup in Qatar.
Qatar had previously decided to allow the sale of beer near the stadium during the tournament, but reversed it and bought into the cries of football fans.
However, unlike Qatar, where there is not enough accommodation in a free atmosphere that allows foreign tourists to drink, it is analyzed that Dubai has accommodation infrastructure in various price ranges to attract tourists.
For this reason, thousands of football fans are said to travel to Qatar on match days only, taking dozens of flights a day while staying in Dubai.
The World Cup in Qatar creates a lot of excitement as the games repeat.
However, as much as the largest amount of money was spent, there are concerns that it could be recorded as the biggest deficit in the World Cup.
YTN Bori Yoon ([email protected])
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