FIFA touts billions to be gained from biennial World Cups

0

London, December 20

FIFA is making a financial pitch to win support for biennial World Cups.

On the day it hoped to hold a vote for the overhaul of the game — before it was abandoned — FIFA claimed Monday that revenue would jump by USD 4.4 billion to USD 11.4 billion over four years, according to parts of a presentation seen by The Associated Press.

FIFA President Gianni Infantino has faced opposition from the leaders of the European and South American confederations as well as the International Olympic Committee.

But he has pushed ahead with trying to convince the 211 member associations of the merits of doubling the frequency of men’s and women’s World Cups, increasing the status of FIFA and diminishing the window for other major sports events to dominate.

FIFA commissioned market research firm Nielsen and the Open Economics organisation to undertake research to show the game could be wealthier by playing its flagship events more often. It was presented in a virtual meeting hosted by Infantino from the Qatari capital of Doha.

FIFA is touting that a macroeconomics analysis shows GDP gains of more than USD 180 billion over 16 years — up from an unquantifiable USD 80 billion now — through World Cups being staged eight rather than four times in that period.

FIFA claims that would double the number of permanent jobs created as a result of World Cups to 2 million.

FIFA also claims sponsorship and TV rights will grow significantly along with increased ticket sales — and that member associations will reap the benefits with USD 9 million rather than USD 6 million now available to them for FIFA Forward projects every four years.

FIFA chief of global football development Arsene Wenger, the former manager of English club Arsenal, is proposing halving the number of windows for international games outside of tournaments to only two per year.

UEFA last week produced research commissioned from consultancy firm Oliver & Ohlbaum showing financial damage caused by the overhaul of the international match calendar could cost European federations 2.5 billion euros (USD 2.8 billion) in a four-period cycle.

The IOC is concerned about clashes in the schedule with other sports, the men’s World Cup overshadowing women’s editions of the tournament, and “a further massive strain” on athlete welfare.

UEFA and CONMEBOL have warned of a World Cup boycott if FIFA pushes ahead with a plan that would undermine their continental championships, which are organised on the same four-year cycle as the Summer Olympics. All are next scheduled for 2024. —AP

 

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Sports News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment