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 22, 2014, 11:04 PM EDT
How did the Galatasaray supporters pull off this Tifo before Wednesday’s match against Borussia Dortmund? How?!?
Oct 22, 2014, 10:10 PM EDT
The pair of Premier League clubs remaining in the competition face quite different tests on Thursday.
Oct 22, 2014, 9:25 PM EDT
Perhaps it isn’t the sexiest year for rookies in Major League Soccer, but there’s a quartet of names set to stick around for a while.
Oct 22, 2014, 8:30 PM EDT
“I had hope, it maybe didn’t look like it, but it happened,” Wenger said.
Oct 22, 2014, 7:23 PM EDT
“So overall, it’s a squad with a lot of experience playing at the highest level, and this will be another great benchmark for us,” Klinsmann said.
Oct 22, 2014, 6:30 PM EDT
Of course many are claiming this “is the beginning of end” for Balotelli on Merseyside. That seems a bit much.
Oct 22, 2014, 5:40 PM EDT
Here’s the bar, Week 33 of Major League Soccer: Please feel free to raise it.
Oct 22, 2014, 4:47 PM EDT
We are at the halfway point in Groups A-D, and some English clubs are concerned about their fortunes to be sure.
Oct 22, 2014, 4:41 PM EDT
It was a night to forget for the home side, as Real ruled at Anfield. Here’s what we learned.
Oct 22, 2014, 4:36 PM EDT
The 21-year-old Honduran international did what a dangerous Alexis Sanchez couldn’t, but Arsenal was rescued late.
Oct 22, 2014, 4:34 PM EDT
Ronaldo, Benzema and co. put on a clinic at Anfield, as Liverpool are taught a lesson.
Oct 22, 2014, 2:54 PM EDT
The CAF claimed Platini said something he didn’t, and it hurt his feelings.
Oct 22, 2014, 2:14 PM EDT
Here’s what it’s like at Anfield, as Liverpool host Real Madrid in the UEFA Champions League.
Oct 22, 2014, 1:58 PM EDT
With yesterday’s goal frenzy, will today give us the same excitement?
Oct 22, 2014, 1:34 PM EDT
This is the second time Robinho is under investigation for such an alleged incident.
Oct 22, 2014, 12:17 PM EDT
NYCFC’s first Designated Player will be returning to the United States to fulfill commercial and marketing obligations, and it’s unclear whether he will make his way back to Australia to finish out his loan.
Oct 22, 2014, 11:36 AM EDT
Now that he’s back from a hernia problem, the American told Stoke’s YouTube channel that he is no longer a right-back and the club is aware of where he wants to play.
Oct 22, 2014, 10:51 AM EDT
Rog and Davo gain whiplash from QPR-Liverpool, and the Jurgen Klinsmann-Don Garber saga.
Oct 22, 2014, 10:28 AM EDT
After 10 years with the club, Gourlay has stepped down.
Oct 22, 2014, 9:20 AM EDT
The MLS side was eliminated from group stage play on an away goals tiebreaker as Honduran side Olimpia goes through.
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