Skip to content

Most expensive ever: Putin to spend $20 billion on 2018 World Cup in Russia

Jul 13, 2014, 1:20 PM EST

Vladimir Putin AP

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.

Big time.

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.

Latest Posts
  1. VIDEO: Seattle Sounders supporters, culture getting just recognition

    Nov 28, 2014, 1:20 PM EST

    MLS Galaxy Sounders Soccer AP

    It’s a vibrant and informative take on the big following in Seattle, one that even Sounders haters can respect for its size, dedication and creativity.

  2. Top Five storylines for Week 13 of the Premier League

    Nov 28, 2014, 12:35 PM EST

    Manchester City v Southampton - Premier League Getty Images

    Top Four and Bottom Three match-ups take the battle for Premier League places to a different level this weekend.

  3. WATCH: Premier League TV schedule – Week 13

    Nov 28, 2014, 12:00 PM EST

    PremierLeagueNBC

    Where and how to watch all the PL games during Week 13.

  4. Premier League Preview: Manchester United vs. Hull City

    Nov 28, 2014, 11:52 AM EST

    Manchester United v Hull City - Premier League Getty Images

    Hull City is looking for a historic win when they visit surging Manchester United on Saturday.

  5. Sure there’s “interest throughout Europe”, but where is the best spot for Jozy Altidore?

    Nov 28, 2014, 11:01 AM EST

    Altidore Getty Images

    We pick three clubs in three countries that could be a landing spot for the out-of-favor Sunderland striker in the January transfer window.

  6. Premier League Preview: West Bromwich Albion vs. Arsenal

    Nov 28, 2014, 10:10 AM EST

    West Bromwich Albion's Reid shouts at Arsenal's Cazorla during their English Premier League soccer match in London Reuters

    The Baggies are coming off losses to Chelsea and Newcastle, and are four points back of eighth place Arsenal. The NBCSN match kicks at 745am ET.

  7. Pick just three?!? FIFPro World XI midfielder shortlist is Juve-heavy, really good

    Nov 28, 2014, 9:37 AM EST

    FC Internazionale Milano v Juventus - Serie A Getty Images

    Spain (4) and Germany (3) are the only nations with multiple members.

  8. Roy Keane’s time with Aston Villa has come to an end

    Nov 28, 2014, 8:35 AM EST

    Aston Villa v Manchester City - Premier League Getty Images

    Manchester United’s legendary midfielder will stay in his assistant coach role for Ireland, spend more time with his family.

  9. Feature on Kevin Alston details Revolution defender’s battle with leukemia

    Nov 28, 2014, 7:58 AM EST

    New England Revolution v New York Red Bulls - Eastern Conference Final - Leg 1 Getty Images

    Vice Sports writer Kevin Koczwara has the story of Alston’s fight with chronic myelogenous leukemia.

  10. New England Revolution, 90 minutes from MLS Cup, must simply avoid second-leg disaster vs. Red Bulls

    Nov 27, 2014, 11:15 PM EST

    Steve Clark, Lee Nguyen, Charlie Davies Steve Clark, Lee Nguyen, Charlie Davies

    It’s been a long time since the New England Revolution lost by mulitple goals, which the New York Red Bulls must achieve to reach MLS Cup 2014.

  11. Europa League roundup: Spurs, Celtic advance; Inter Milan, Fiorentina clinch top spots

    Nov 27, 2014, 9:26 PM EST

    The big Europa League sides have begun to advance to the knockout round, with a few more very close to joining them.

  12. Everton win Europa League group, qualify for knockout round

    Nov 27, 2014, 4:09 PM EST

    Toffees seal spot in Europa League knockout rounds after terrific away day display.

  13. Five investigated, including three FIFA execs, in World Cup corruption probe

    Nov 27, 2014, 3:17 PM EST

    64th FIFA Congress 64th FIFA Congress

    Three FIFA ExCo members and German legend latest to be under the spotlight.

  14. Pele moved to “special care” unit as treatment continues

    Nov 27, 2014, 2:05 PM EST

    Edson Arantes do Nascimento, Pele AP

    Brazilian legend hospitalized for second time this month.

  15. English FA charge Dave Whelan after anti-Semitic, racist comments

    Nov 27, 2014, 1:15 PM EST

    Barnsley v Wigan Athletic - Sky Bet Championship Getty Images

    Whelan charged by FA over accusations of anti-Semitic, racist remarks.

  16. VIDEO: PST Extra examines huge top four showdowns in Premier League

    Nov 27, 2014, 10:55 AM EST

    Hull City v Tottenham Hotspur - Premier League Getty Images

    Can Spurs and Everton make a top four charge? Will Saints stun Man City?

  17. Huge blow for Arsenal as Jack Wilshere is out for three months

    Nov 27, 2014, 9:13 AM EST

    Wilshere AP

    Wilshere has surgery on left ankle, as young midfielder set for another lengthy spell on the sidelines.

  18. Bob Bradley talks Stabaek, job offers, offseason plans and more

    Nov 27, 2014, 8:51 AM EST

    Bradley, Stabaek

    Bradley opens up about his first season at Stabaek, his future in Europe and much more.

Featured video

PST Extra: Top 4 showdowns on Sunday