ClassRep001:
This is a really dumb question.

The answer is very much obvious.

The rate of illiteracy in Nigeria especially here on Nairaland is really alarming.

Marvyx:
I don't know but all I know is that Musa has made me happier than Buhari has for the past 3 years.

Maol:
The 2018 World Cup is being held in Russia and is a huge event in terms of the numbers it achieves for everyone involved. Of course, FIFA is the sole body charged with organizing the event and has access to all the revenues, but everyone is happy as long as they get a cut from the billion dollar revenues the event generates. The World Cup host country is decided upon by a bidding process, and it is a fierce competition. U.S., Canada and Mexico have been chosen to host the event for its 23rd edition in 2026.

Organizing such a huge and popular event requires a lot of investment, especially in building and enhancing world-class infrastructure. Thus, the country wins the bid attracts a lot of interest from investors, which can help to boost the economy. With so many countries vying to host the World Cup, FIFA naturally gets a big bargaining chip and gets away with dictating most of the terms. FIFA does not invest in any infrastructure created for the Cup; the onus for that lies solely on the host nation. However, FIFA gains a lot by selling television rights, marketing rights, and licensing rights, as well as revenue form ticket sales. And FIFA’s costs are minimal. FIFA pays the local organizing committee for organizing and conducting the World Cup. It also pays prize money to the participating nations, accounts for the travel and accommodation of players, and supports staff and match officials. In addition, it makes available for the host country a FIFA World Cup legacy fund to be used in the future for development of the game in the country.

Apart from the cost related to FIFA events, FIFA's major costs also involve development expenses, personnel expenses, and a financial assistance program.

FIFA by the Numbers
FIFA has adopted the International Financial Reporting Standards (IFRS) reporting standards as part of a good governance policy. The numbers are reported around its marquee event—the World Cup. FIFA's revenue stood at $734 million in 2017, totaling over $5.65 billion between 2015-2018. FIFA records its revenue in a four-year cycle leading up to World Cups, therefore most of these figures are for a period between 2015 and 2018. Most of the revenue, 98% came from revenue contracts, other sources of income include board licensing and investment income. Out of the event-related revenue that is recorded in the period between two world cup events, $3 billion was attributable to sale of television rights during the 2015-2018 cycle.

In a bidding war between ESPN and Twenty-First Century Fox Inc. (FOXA), FOX outbid Disney's ESPN and paid $400 million to FIFA for television rights through the 2022 World Cup. Facebook Inc. (FB) Twitter Inc (TWTR) and Snap Inc. (SNAP) are all offering millions of dollars to FOX for highlight rights.

The next biggest source of income is the sale of marketing rights which totaled $1.45 billion in the cycle leading up to the current Word Cup.

How Does FIFA Make Money From World Cup?

http://www.sanwomi.com/2018/06/how-does-fifa-make-money-from-world-cup.html

nicetime:
F- Football
I- Is not
F- For
A- African

timothy2396:
Anyway that's FIFA's family problem..... Buhari is still a terrorist....

fowlyansh181:
Same way tv shows make money and more .. you see all those channels displaying the LIVE soccer match , all those streams , tv stations , radios , games , every service displaying that LIVE soccer , they pay for the license to do that and it can run into millions .. everyone you see on that stadium, paid to be there , all those NIKES, IPHONE X, PS4 SAMSUNG, JBL, XBOX , MACBOOK AIR , adverts you see running in those display things on the field , pay millions to have that ADs there , also does the sponsors , the gambles , the BETS, commercials , not to talk of consoles that buys license to host make their video games. And I think there are dues these countries playing pay to participate and be a recognized country by FIFA for football.. dude FIFA makes multi millions every day there is a LIVE match ..

360command:
FIFA and Nigeria, who get money pass?
Like for FIFA share for Nigeria

ClassRep001:
This is a really dumb question.

The answer is very much obvious.

The rate of illiteracy in Nigeria especially here on Nairaland is really alarming.

Marvyx:
I don't know but all I know is that Musa has made me happier than Buhari has for the past 3 years.

Robi65:

Chukazu:
If you know how much Russia and Qatar bribed FIFA with to host the WORLD CUP .

If you know you know...

demondpelumi05:
am learning a new lesson

Coldfeets:


I am learning a new lesson.

Or just...

I'm learning a new lesson.

But never...

am learning...

You can only start a sentence with "am" if and only if you are posing a question.

For instance,

Am I sure you will there when I come to her place?

advocatebaba:
where is "BE" in your for instance our english uncle 4rm aiyetoro community grammer school.

Coldfeets:


I am learning a new lesson.

Or just...

I'm learning a new lesson.

But never...

am learning...

You can only start a sentence with "am" if and only if you are posing a question.

For instance,

Am I sure you will be there when I come to her place?

Queenext:
Football is a big business, and a money spinner.

So am amazed FIFA is making hell of money, with less accountability

Yomisky:
I noticed your I is in capital letter, please can you explain why?

Coldfeets:


It is one of the capitalization rules.

You capitalize "I" when you are referring to yourself in the sentence.

Remember that you will always have to capitalize the first letter of your name when used in a sentence since your name is actually a proper noun.

I hope I've made it quite clearer for you?

Yomisky:
Yes, thanks a lot.

Coldfeets:


Thank you for pointing it out.

It was a regrettable omission.

Now, back to the issue at hand.

Why is it so difficult for dolts like you to accept your mistakes and take corrections?

Why are you always bent on proving to whoever is correcting you that they are not worthy to be making such corrections?

Believe it or not, people who don't like to accept their mistakes in good faith are usually people with very extremely low IQ.

Instead of accepting the message, they usually turn around and start attacking the messenger!

Maka why na?

Anyway sha, now that I have gone back to edit my initial error of omission, can you now kindly go back and edit your spelling error because there's no English word like "grammer".

advocatebaba:
[s]U have progressively shown how brainless u are to simply prov a point to show ow inclined u r. u beta log off and 2study ow to point a mistake out 4rm odas. u correctd sum1 bt choose 2sit tight in ur oven of so calld knldge.[/s]