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English bid pledges big profits at 2018 World Cup
Source: Agencies |
October 6, 2010, Wednesday
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Online Edition
Online Edition
ENGLAND'S World Cup bid team predicts a US$240 million profit will be made if it stages the event in 2018.
The estimate is based on ticket revenue of US$897 million for the World Cup and Confederations Cup in 2017 against the expected US$657 million cost of staging the tournament. It does not include revenues from sponsorship and broadcasting rights, which are sold by FIFA.
Also among 18 commitments released today, England pledges to give fans free transport on match days.
England 2018 has also met its one outstanding commitment from the FIFA inspection visit in August by contracting a minimum of 60,000 hotel rooms.
FIFA votes on the hosts of the 2018 and 2022 World Cups in December. England is focused on 2018, but is still in both races.
The estimate is based on ticket revenue of US$897 million for the World Cup and Confederations Cup in 2017 against the expected US$657 million cost of staging the tournament. It does not include revenues from sponsorship and broadcasting rights, which are sold by FIFA.
Also among 18 commitments released today, England pledges to give fans free transport on match days.
England 2018 has also met its one outstanding commitment from the FIFA inspection visit in August by contracting a minimum of 60,000 hotel rooms.
FIFA votes on the hosts of the 2018 and 2022 World Cups in December. England is focused on 2018, but is still in both races.
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