The World Cup every two years would generate an additional $ 4.4 billion in revenue over four years, according to FIFA

0

World football’s governing body wants to host a World Cup every two years instead of four, as the international women’s and men’s football fixtures will expire in 2023 and 2024 respectively.

South American football’s governing body CONMEBOL and European football organization UEFA, which claims an expanded Champions League format, oppose FIFA’s proposals, although the African Football Confederation (CAF ) gave its support to these projects.

FIFA said on Monday that the financial projections are based on two independent feasibility studies, which were presented in an online meeting attended by 207 of 210 eligible member associations.

Member associations will receive an average of $ 16 million in additional funds, FIFA said, citing Nielson’s research, although they did not give specific details on how the finances would be distributed.

A second OpenEconomics study suggested that a move to a biennial cycle for the Men’s World Cup would produce a gross domestic product (GDP) gain of more than $ 180 billion over a 16-year period and create two million dollars. full-time jobs.

“Our intention is to help ‘bridge the gap’ between FIFA member associations and give as many as possible a more realistic chance to play on the world stage,” said the FIFA president. Gianni Infantino in a press release.

UEFA has published its own research which predicts that revenues for European national associations could drop to between € 2.5 billion and € 3 billion over a four-year cycle due to losses in media rights ticketing and sponsorship.

The research, conducted by consultancy firm Oliver & Ohlbaum, warned of the physical and mental toll the new schedule would have for players.

UEFA also predicted that women’s football would suffer negative impacts in terms of exposure and interest from fans and the media.


Source link

Share.

About Author

Comments are closed.