Analysing Qatar’s over $200bn World Cup expenditure

Analysing Qatar’s over 0bn World Cup expenditure

A U-turn simply days before the World Cup in Qatar means fans will not find a way to drink beer within the stadiums. (Getty)

$220 billion; that’s the estimated cost of the 2022 World Cup event being hosted by Qatar.

Preparations for the 2022 World Cup started twelve years after FIFA made the surprising and controversial choice to give Qatar the precise to host the occasion. The Gulf state has massively spent on it, making it the most costly ever.

The estimated $220 billion to have been spent on this year’s World Cup tourney, is greater than 15 instances the amount spent by Russia throughout the 2018 World Cup.

Cumulatively, $291 billion has been expended on the World Cup competitors for the reason that maiden version held in Italy- 1990, with this year’s event accounting for 75.6% of the entire amount spent inside this era under assessment.

In easy phrases, Qatar has spent 3 times the entire cost of all other World Cup occasions since 1990.

Let’s work out some numbers:

If I determine to inflate the cost of all earlier world cups by $5 billion, the entire cost will nonetheless be $109.2 billion lower than the amount spent to put collectively this year’s World Cup. In fact, the steadiness will be sufficient to reorganize all world cups from 1990 to 2018.

But why such a high cost?

Qatar is geologically compact. It is 20 instances smaller than Ghana and two instances smaller than the Ashanti area, with a population of lower than 3 million. Qatar is the smallest country to host the world cup.

In phrases of key cost drivers, some of the obvious issues is the stadiums. Seven of the eight venues have been constructed from scratch. The government says the cost of developing them is $6.5 billion.

The most vital proportion of the billions the Qatari government has spent prematurely of the event is on non-football infrastructure, together with a brand new metro system, a global airport, new roads, about 100 new motels, and leisure facilities. The majority of such expenditure is part of Qatar National Vision 2030, a extra in depth programme for public funding within the Gulf nation.

FIFA’s projected income

According to FIFA’s 2022 budget, the World Cup is projected to herald income price $4.7 billion. Ticket gross sales and hospitality rights will rake in $500 million, $2.64 billion from TV broadcast rights, and $1.35 billion from marketing rights.

The complete prices lined by FIFA for this year’s World Cup is pegged at $1.7 billion, with the biggest expenditures being prize money, operational bills like hospitality and logistics ($322 million), and TV operations ($247 million).

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