Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,852 members, 7,956,191 topics. Date: Monday, 23 September 2024 at 07:25 AM |
Nairaland Forum / Entertainment / Sports / How Does FIFA Make Money From World Cup? (44928 Views)
Brazilians Stone Their Team To Welcome Them From World Cup / Russia 2018: How FIFA Almost Kicked Out Nigeria’s Super Eagles From World Cup / Cameroon Vs Nigeria: 2018 FIFA World Cup Qualifier 1 - 1 (Full Time) (2) (3) (4)
How Does FIFA Make Money From World Cup? by Maol(m): 8:09am On Jun 23, 2018 |
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 12 Likes 2 Shares
|
Re: How Does FIFA Make Money From World Cup? by donvicky2007: 9:52am On Jun 23, 2018 |
There is money in football. # Lalasticlala 30 Likes 3 Shares |
Re: How Does FIFA Make Money From World Cup? by veekid(m): 7:10pm On Jun 23, 2018 |
Quora has the best answer to this 71 Likes 4 Shares |
Re: How Does FIFA Make Money From World Cup? by Factfinder1(m): 7:10pm On Jun 23, 2018 |
Large cash out 3 Likes |
Re: How Does FIFA Make Money From World Cup? by mysteriousman(m): 7:10pm On Jun 23, 2018 |
Sponsorship and advertisements 23 Likes 3 Shares |
Re: How Does FIFA Make Money From World Cup? by footballflaver: 7:10pm On Jun 23, 2018 |
hmm educative |
Re: How Does FIFA Make Money From World Cup? by demondpelumi05: 7:11pm On Jun 23, 2018 |
am learning a new lesson |
Re: How Does FIFA Make Money From World Cup? by XingXhang(m): 7:11pm On Jun 23, 2018 |
Hmm |
Re: How Does FIFA Make Money From World Cup? by Marvyx(m): 7:11pm On Jun 23, 2018 |
I don't know but all I know is that Musa has made me happier than Buhari has for the past 3 years. 34 Likes |
Re: How Does FIFA Make Money From World Cup? by 360command: 7:11pm On Jun 23, 2018 |
FIFA and Nigeria, who get money pass? Like for FIFA share for Nigeria 7 Likes 65 Shares |
Re: How Does FIFA Make Money From World Cup? by gmercy713: 7:12pm On Jun 23, 2018 |
Sponsorship, adverts,ticket sales etc 8 Likes |
Re: How Does FIFA Make Money From World Cup? by Nobody: 7:12pm On Jun 23, 2018 |
wait lemme goan ask my daddy,
he is the head of world cup affairs �� 5 Likes 1 Share |
Re: How Does FIFA Make Money From World Cup? by 360command: 7:12pm On Jun 23, 2018 |
FIFA and CAF, who get money pass? Like for FIFA share for Nigeria 4 Likes 16 Shares |
Re: How Does FIFA Make Money From World Cup? by Codo22(m): 7:12pm On Jun 23, 2018 |
A |
Re: How Does FIFA Make Money From World Cup? by Therealev: 7:12pm On Jun 23, 2018 |
loads of Money |
Re: How Does FIFA Make Money From World Cup? by hakeem4(m): 7:12pm On Jun 23, 2018 |
Mainly sponsors, ticket sales and maybe T.v rights 12 Likes 1 Share |
Re: How Does FIFA Make Money From World Cup? by timothy2396(m): 7:13pm On Jun 23, 2018 |
Anyway that's FIFA's family problem..... Buhari is still a terrorist.... 10 Likes |
Re: How Does FIFA Make Money From World Cup? by ClassRep001: 7:13pm On Jun 23, 2018 |
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. 14 Likes 1 Share |
Re: How Does FIFA Make Money From World Cup? by FRESHG(m): 7:13pm On Jun 23, 2018 |
RED CARDS YELLOW CARDS AND SO ON. THEY EQUALLY MAKE MONEY BY GRANTING SOME INDIVIDUALS FIFA LICENSE AGENTS. 4 Likes |
Re: How Does FIFA Make Money From World Cup? by badruu(m): 7:13pm On Jun 23, 2018 |
Moneeyyyy Check my sig |
Re: How Does FIFA Make Money From World Cup? by IronTete(m): 7:13pm On Jun 23, 2018 |
cool Btw, Looking forward to studying In London for free? Here's 2018 Denys Holland Scholarship at University College London https://www.collegeforbes.com/2018/04/denys-holland-scholarship-university-college-london.html |
Re: How Does FIFA Make Money From World Cup? by inoki247: 7:14pm On Jun 23, 2018 |
Playing Bet... |
Re: How Does FIFA Make Money From World Cup? by Truths22(m): 7:14pm On Jun 23, 2018 |
Good |
Re: How Does FIFA Make Money From World Cup? by Dondave11: 7:14pm On Jun 23, 2018 |
Brb.. Lemme goan and make my own research |
Re: How Does FIFA Make Money From World Cup? by mohince(m): 7:15pm On Jun 23, 2018 |
Tnx |
Re: How Does FIFA Make Money From World Cup? by Queenext: 7:15pm On Jun 23, 2018 |
Football is a big business, and a money spinner. So am amazed FIFA is making hell of money, with less accountability |
Re: How Does FIFA Make Money From World Cup? by talk2emma: 7:15pm On Jun 23, 2018 |
Buhari is a thief 4 Likes |
Re: How Does FIFA Make Money From World Cup? by princejones(m): 7:15pm On Jun 23, 2018 |
I see,so much money |
Re: How Does FIFA Make Money From World Cup? by Dondave11: 7:16pm On Jun 23, 2018 |
ClassRep001:Your Dad.. I mean your real dad 35 Likes |
Re: How Does FIFA Make Money From World Cup? by Robi65(f): 7:16pm On Jun 23, 2018 |
|
Re: How Does FIFA Make Money From World Cup? by sureheaven(m): 7:17pm On Jun 23, 2018 |
U will get the wrong answer bro, quoa May Be of help. |
Re: How Does FIFA Make Money From World Cup? by fowlyansh181(m): 7:17pm On Jun 23, 2018 |
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 .. 21 Likes 2 Shares |
Ronaldo Donates Rubble From His Portugal Mansion To Needy Families / Who Is Really Nigeria's Greatest Footballer? / Mikel Completes Move To Chinese Super League Side Tianjin TEDA (photo)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 20 |