Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Business The FIFA World Cup, which kicks off on Sunday, takes years of planning, billions of dollars invested, and attracts an estimated 1.3 million fans to host country Qatar

The FIFA World Cup, which kicks off on Sunday, takes years of planning, billions of dollars invested, and attracts an estimated 1.3 million fans to host country Qatar (Sidhik Keerantakath/ Eyepix Group/Future Publishing via Getty Images)

By Savannah Young Leaders Staff

Savannah Young

Savannah Young

News Writer

Savannah Young is a news writer for Leaders Media. Previously, she was a digital reporter for WATE Channel 6 (ABC)...

Full bio


Learn about our editorial policy

Updated Nov 21, 2022

A P&L For the World Cup

The FIFA World Cup, which kicked off on Sunday, takes years of planning, billions of dollars invested, and attracts an estimated 2 million fans to host country Qatar.

Key Details

  • Middle Eastern country Qatar of 3 million people is hosting the FIFA World Cup this year and will bring close to 2 million fans to the country.
  • The international sponsoring federation FIFA will spend $1.7 billion to operate the month-long tournament and associated events—this includes $440 million in prize money, $247 million for TV operations, and more.
  • FIFA will earn about $4.7 billion in revenue, earning itself a significant profit.
  • The nation of Qatar has spent around $220 billion readying itself for the tournament—building stadiums, a rail line, and other infrastructure.
  • Qatar is expecting 1.3 million ticket buyers to attend the games and around 5 billion to tune in virtually—bringing in a large amount of money.

Why it’s news

The FIFA World Cup is one of the most watched sporting events in the world—with an estimated 5 billion viewers tuning in to watch this year.

Qatar has been planning for the better part of the decade—and will unlikely get an immediate payback for its 12-figure investment. 

As mentioned, FIFA will cover the $1.7-billion operating costs for the duration of the cup—about $440 million in prize money, $247 million for TV operations, $326 million for costs of the competing clubs, and $207 million for workforce management. It is expected that FIFA will receive $4.7 billion in revenue from ticket sales, sponsorships, and merchandising, with a net gain of $3 billion. 

FIFA will take approximately 10% of this for its own operations and will distribute the balance to the 200-plus national soccer associations across the globe to promote the sport’s development, according to Sportico writer Andrew Zimbalist. 

For Qatar the country has spent around $220 billion in preparation to host the cup. Around $10 billion was for the seven stadiums to host the games, and $36 billion for a rail line, and the rest was for security, hotels, and communications.

Though spent over 10 years, the amount is 20% more than the nation’s entire annual GDP of $180 billion.

NOTABLE QUOTE

Official World Cup beer sponsor Budweiser tweeted “this is awkward” when Qatar announced there would be no beer sales in or near the stadiums.

Home / News / A P&L For the World Cup
Share
FacebookTweetEmailLinkedIn

Related Stories

Senate And House Battle Over Debt-Ceiling Bill

by Hannah Bryan Leaders Staff
Public Policy

8 hours ago

debt ceiling

The U.S. Senate has announced hearings for committees to analyze the debt-ceiling bill passed by the Republican-led House last week. 

Key Details

  • Though the White House has stood firm in its refusal to negotiate the debt-ceiling terms with House Speaker Kevin McCarthy (R-CA), the House passed a bill last week to jumpstart negotiations. 
  • Senate Majority Leader Chuch Schumer (D-NY) announced Monday that Senate committees would evaluate the recently passed bill.
  • While McCarthy’s bill attempts to bring President Joe Biden to the table, the bill is unlikely to pass in the Senate. 
  •  "The president says, 'I'm not going to talk to him until he offers a plan,’" McCarthy says. "Not only did we offer a plan, we passed it.”

Go deeper

FacebookTweetEmailLinkedIn

Gen Z Is Changing Workplace Habits

by Hannah Bryan Leaders Staff
Company Culture

11 hours ago

working late

Remote work has opened the door for many changing workplace traditions, including changing the nine-to-five workday. 

Key Details

  • Hard workers and early risers are often associated with one another, but a recent study shows that most Gen Z employees prefer to begin their work at 6 p.m.
  • In an Adobe study that sampled workers in the UK, U.S., and Japan, younger workers were found to be more productive in the evenings, Fortune reports. 
  • These younger employees prefer to work through the night and spend their downtime during the daylight hours. 
  • Only 6% of Boomers reported being productive from 6 p.m. to 3 p.m. compared to 26% of Gen Zers. 

Go deeper

FacebookTweetEmailLinkedIn

Phoenix Suns Shift From Traditional Broadcasting 

by Tyler Hummel Leaders Staff
Entertainment

12 hours ago

The owner of the Phoenix Suns and Phoenix Mercury is striking out on his own—shifting away from traditional broadcasting deals. 

Key Details

  • The bankruptcy of Diamond Sports Group in March has resulted in numerous sports teams attempting to void their streaming contracts. 
  • Two Phoenix, Arizona-based teams are making a similar attempt, shaking their traditional local streaming contract with Bally Sports Arizona to seek new opportunities. 
  • Both teams announced on Friday that games will be broadcast on over-the-air local television in Phoenix, Tucson, and Yuma and that free broadcasts will be made available through streaming. 
  • Diamond has argued that the announcement is a breach of contract for the sports teams, while ESPN is warning that the decision could cost tens of millions of dollars in the short term for the teams. 
  • The team owner believes the change will “more than triple the reach” of their audience. 

Go deeper

FacebookTweetEmailLinkedIn
Markets

12 hours ago

Dimon Says: (Part Of) the Banking Crisis Is Over 

by Tyler Hummel Leaders Staff
Social Media

12 hours ago

Battle Of the Twitter CEOs 

by Tyler Hummel Leaders Staff
right to repair
Business

13 hours ago

Farmers Still Struggle To Fix John Deeres

by Hannah Bryan Leaders Staff

Recent Articles

Personal Growth

17 hours ago

How Adaptability Can Make or Break Your Career in the Coming Years

The business world is always changing, making adaptability a necessary skill.

Wealth

Apr 27, 2023

How to Make an Extra $1000 a Month Starting With Only $100 

You can make an extra $1000 per month with a small upfront investment or a part-time job.

Leadership

Apr 26, 2023

Narcissists in the Workplace: Signs Your Coworker or Boss Might Be One of Them

Narcissistic bosses do whatever it takes to gain success and power.

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com

x