Jul 13, 2014, 1:20 PM EDT
One of the VIP guests invited to the 2014 World Cup final in Rio de Janeiro on Sunday is already planning for the next tournament in Russia four years from now.
Russian President Vladimir Putin, who will attend the final by invitation along with many other leading politicians, is ready to splash some serious cash when it comes to hosting the World Cup for the first-time in his nations history. Putin and members of the Kremlin are planning to spend over $20 BILLION on hosting the showpiece event, as costs for new stadiums, infrastructure and transport links will be hefty. Putin will be up for reelection in 2018 and could see hosting the World Cup as a great tool to rally public support behind him.
The latest report comes from NBCNews.com, as Putin aims to make the 2018 tournament the most-expensive and extravagant World Cup in history.
“Russian President Vladimir Putin reportedly plans to spend $20 billion on Russia’s hosting of the 2018 competition. His ambitious plan will see stadiums and infrastructure built over an area stretching 1,500 miles from the Baltic Sea in the west to the Ural Mountains that form the gateway to Asia. The event is expected to follow the economic blueprint of this year’s Sochi Winter Games – the most expensive Olympics in history with estimated overall price tag of $51 billion.”
Putting the reported budget for the 2018 tournament into context, the 2014 World Cup in Brazil reportedly cost over $14 billion, while South Africa 2010 came in at $3.9 billion. That means the money Russia will spending on the 2018 World Cup is five-times the amount that was spent in South Africa. Wowza.
The 2014 Winter Olympics in Sochi were deemed a success in Russia, as Putin spent an incredible $51 billion on the event to make it the most expensive Olympics in history. The event was safe, delivered what was expected but now Sochi has no need for the stadiums, hotels and other infrastructure built for the games. In the bigger cities like Moscow and St. Petersburg, improving soccer stadiums and transport will prove beneficial, but in some of the more remote World Cup cities in Russia spending is badly needed on other things. Will “White Elephants” be left behind all over Russia when the tournament has finished? Or will the Russian people benefit from this monumental expenditure on World Cup stadiums and facilities?
That remains to be seen. Putin’s plans may be grand, but they should improve the country for the long-term, not just dazzle during a World Cup, then dissolve into dereliction.
Oct 31, 2014, 11:20 PM EDT
Despite losing six of their first nine matches, Bayern Munich executive Karl-Heinz Rummenigge believes Borussia Dortmund will turn around their play.
Oct 31, 2014, 10:30 PM EDT
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Oct 31, 2014, 9:30 PM EDT
The German international has only made three appearances off the bench for Real Madrid as rumors of a move to the Premier League continue to swirl.
Oct 31, 2014, 8:35 PM EDT
Some good news and some bad news for Gunners fans as Jack Wilshere has injured his knee while Olivier Giroud is “miles ahead of schedule” after ankle surgery.
Oct 31, 2014, 7:40 PM EDT
The Manchester United legend has called out the crosstown rivals, saying City has a “touch of arrogance.”
Oct 31, 2014, 6:45 PM EDT
The young striker has seven goals in eleven appearances for Spurs, but is yet to earn a Premier League start this season.
Oct 31, 2014, 5:50 PM EDT
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Oct 31, 2014, 5:00 PM EDT
Aston Villa have lost five straight matches and haven’t scored a goal since September 13th.
Oct 31, 2014, 4:05 PM EDT
Watch the Blues host the R’s Saturday at 11 a.m. ET on NBCSN or online via Live Extra.
Oct 31, 2014, 3:20 PM EDT
Take a look at the rest of the fixtures ahead for Yanks in Europe by heading inside.
Oct 31, 2014, 2:27 PM EDT
New York Red Bulls, Columbus Crew, New England Revolution, FC Dallas, L.A. Galaxy, Seattle Sounders, Real Salt Lake or DC United: Who’s been better?
Oct 31, 2014, 1:42 PM EDT
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Oct 31, 2014, 12:59 PM EDT
Onyewu has played at QPR, Malaga, Sporting CP, Twente, AC Milan, Newcastle, Standard Liege, La Louviere and Metz since he left Clemson.
Oct 31, 2014, 12:30 PM EDT
Where and how to watch every game during Week 10 of the PL.
Oct 31, 2014, 12:00 PM EDT
City and United tangle at 8am ET on NBCSN this Sunday, and the absence of Silva will be a bonus for Louis van Gaal’s Red Devils.
Diego Costa will be available to Chelsea this weekend, says Jose Mourinho; QPR and Blues to tangle on NBCSN
Oct 31, 2014, 11:26 AM EDT
Chelsea and QPR kick-off at 11am ET on NBCSN this Saturday.
Oct 31, 2014, 11:10 AM EDT
Here’s how PST’s editor and lead writer sees things panning out this weekend.
Oct 31, 2014, 10:30 AM EDT
We are a quarter of the way through the season. Scary, right? Anyway, here’s our latest rankings of power.
Oct 31, 2014, 10:21 AM EDT
“Some weren’t in the European finals, some weren’t even domestic champions,” said Jesus. Others were, and weren’t nominated. We’ll give out some props.
Oct 31, 2014, 9:40 AM EDT
Suddenly-hot Newcastle United put their three-match win streak on the line when they host Liverpool on Saturday morning.
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