Despite the fact that the 2014 world cup cost Brazil a whopping $15 billion the 2014 world cup generated $4.8 billion in revenue for FIFA compared to $2.2 billion in express on the four year cycle; the event turned a $2.6billion profit. FIFA made $2.4 billion on television rights fees, $1.6 billion in sponsorships, and $527 million in ticket sales.
Much of FIFA’s world cup spending want to participating teams and confederations($476million)and television production costs ($370million) FIFA contributed $453million to the local organising committee between 2011 and 2014, and gave Brazil a $100million ‘legacy’ payment after the tournament.
However, FIFA did not contribute to the real costs of staging the tournament – stadiums and transportation infrastructure.
The tournament cost an estimated $15billion, a significant portion of which was public money. Brazil spent $3.6billion building and renovating 12 stadiums for the tournament, less than a year later some of those are turning into white elephants. The $300million Arena Amazonia in Manaus for example, held just 11 events in the five months after the tournament.
The 2014 world cup accounted for 85% of FIFA’s revenue between 2011 and 2014. During the period the organisation made $338 million profit.
“IPOB is being sponsored by those I will call the Coalition of the politically disgruntled and the treasury looters. They believe that by sponsoring this group to destabilize the country and trigger chaos, they will realize their ambition of escaping justice and then be free to dip their hands into the nation’s treasury again.”
-Lai Mohammed(Nigeria’s Information Minister on IPOB)
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