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.
Jul 28, 2015, 10:08 PM EDT
Close to 80,000 saw Barcelona move to 1-2 in three ICC matches. Barca finishes off its tourney vs. Fiorentina in Florence on Aug. 2.
Jul 28, 2015, 9:16 PM EDT
Thank goodness Haris Vuckic’s brother follows his career over the web.
Jul 28, 2015, 7:16 PM EDT
Something tell us the exhibit won’t bring in the same sort of interest as the actual wall from the St. Valentine’s Day Massacre, but it does fit the bill of organized crime.
Jul 28, 2015, 6:11 PM EDT
Here’s hoping MLS makes the idea of this contest laughable in the next decade, if not sooner. Like tomorrow.
Jul 28, 2015, 5:39 PM EDT
Who takes over the ship, one in which the majority of the hands reportedly liked playing for Herrera?
Jul 28, 2015, 4:27 PM EDT
Will they hold onto Stones and Coleman? If so, expect Everton to be in the Europa League discussion and to make a healthy bid for both Cups.
Jul 28, 2015, 3:30 PM EDT
The nation has now changed men’s national team managers 15 times since 2000, and only two of those changes were caretaker moves.
Jul 28, 2015, 1:59 PM EDT
Here’s a look at some of the top deals from another busy day across Europe.
Jul 28, 2015, 1:05 PM EDT
Legendary French midfielder is red-hot favorite to replace Blatter.
Jul 28, 2015, 12:35 PM EDT
Can the Eagles surprise everyone again? With Cabaye running the show, don’t rule it out.
Jul 28, 2015, 11:25 AM EDT
The latest gossip includes a cryptic message from Benzema.
Jul 28, 2015, 10:30 AM EDT
Mourinho: “In my opinion he should be in the top three.”
Jul 28, 2015, 9:54 AM EDT
England international has been ripping it up for City in preseason.
Jul 28, 2015, 9:20 AM EDT
Mourinho’s men are hungry for trophies. All of them.
Jul 28, 2015, 8:15 AM EDT
Putin: “People like Mr Blatter deserve special recognition.”
Jul 27, 2015, 9:45 PM EDT
The Premier League’s big boys each play once more in the USA before heading back to England for the start of the new season.
Jul 27, 2015, 8:39 PM EDT
Afellay makes four ex-Blaugranas on the books at Stoke, where Mark Hughes is aiming for European qualification.
Jul 27, 2015, 7:56 PM EDT
As Bayern chase their fourth straight Bundesliga title (it would be a first), Mats Hummels says the league’s other teams need to stop fearing them.
Jul 27, 2015, 6:06 PM EDT
Drogba has arrived in MLS, and he even got to choose which team he’ll play for — kinda.
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