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.
May 22, 2015, 12:02 AM EDT
Firing one of the world’s elite managers, so you can hire a good-but-not-great replacement? Not smart, Real Madrid, not smart at all.
May 21, 2015, 10:57 PM EDT
According to Scholes, the solution to Man United’s goalkeeping problem is a no-brainer.
May 21, 2015, 9:47 PM EDT
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May 21, 2015, 8:24 PM EDT
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May 21, 2015, 7:23 PM EDT
Jack Grealish has a big decision to make in the not-so-distant future, and it’s going to affect the course of the rest of his career.
May 21, 2015, 5:29 PM EDT
Thierry Henry is riding Olivier Giroud very hard these days, claiming Arsenal will never win a PL title with him leading the line.
May 21, 2015, 3:25 PM EDT
Qatar isn’t the only World Cup host to make others upset.
May 21, 2015, 2:33 PM EDT
Sponsors hold the one true key to change in Qatar, and strong words are a start.
May 21, 2015, 1:50 PM EDT
Many European leagues have spots in the big dance still up for grabs.
May 21, 2015, 1:10 PM EDT
Jordon Ibe and Jon Flanagan both will stick around Anfield for a while longer.
May 21, 2015, 12:27 PM EDT
Only one candidate remains to battle Sepp Blatter, and it doesn’t look good.
May 21, 2015, 11:30 AM EDT
The man who’s been investigated by the FBI and green lit loads of allegedly corrupt ideas will continue to rule your favorite sport.
May 21, 2015, 10:41 AM EDT
The announcement is the final touch of a poorly-kept secret, and comes with the Copa del Rey and UEFA Champions League on the horizon.
May 21, 2015, 9:57 AM EDT
The Impact will be looking for their third-straight Canadian Championship, having defeated TFC and Vancouver in recent campaigns.
May 21, 2015, 9:03 AM EDT
Ward said every club in the Premier League would bid for Sterling (who has already reportedly turned down an offer worth $235,000 a week).
May 21, 2015, 8:30 AM EDT
Phil Jones and Chris Smalling make it a trio of Manchester United players on the roster, while Arsenal paces all Premier League squads with four call-ups.
May 21, 2015, 7:46 AM EDT
There’s a guarantee that a fourth-tier side or lower will see the fourth round, thanks to a pair of surprise wins.
May 20, 2015, 11:10 PM EDT
Borussia Dortmund’s sporting director has said the prized defender will stay in Germany next season.
May 20, 2015, 10:01 PM EDT
A brace from Krisztian Nemeth led Sporting KC to an impressive win over a Revolution side that will leave Kansas City disappointed.
May 20, 2015, 9:03 PM EDT
With the Magpies in danger of relegation, supporters want owner Mike Ashley to sell the club.
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