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How much do you need to fork out to host the World Cup?
Pixabay
How much do you need to fork out to host the World Cup?

The 2018 FIFA World Cup host, Russia, is reportedly spending around $US11 billion to upgrade infrastructure and facilities to accommodate both tourists and players.

FIFA only covers the operating costs for the event itself.

Russia estimates that hosting will boost their economy anywhere from about $US26 billion to $US30 billion through tourism and investment benefits.

Additional improvements to things like transportation and infrastructure are in the host nation’s hands.

Although the competition only happens every four years, host-countries are informed ahead of time to prepare for the hefty price tag.

Brazil, the host for the 2014 competition, spent roughly $US15 billion – that’s a massive jump from the $US4 billion that South Africa spent back in 2010.

There is also a persistent debate on whether or not hosting the tournament is worth it in the long-run, economically.

Future host countries are preparing for the costs too. Qatar is hosting the 2022 World Cup and is spending an estimated $US200 billion or $US500 million per week on World Cup projects.

Meanwhile, the United States, Canada, and Mexico will be joint hosts for the 2026 World Cup.

Spurce: Rd.com

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