Skip to content

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

Jul 13, 2014, 1:20 PM EDT

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. MLS Snapshot: New York Red Bulls 3-0 DC United

    Aug 30, 2015, 9:15 PM EDT

    Bradley Wright-Phillips, New York Red Bulls AP

    A complete performance from the Red Bulls, who will finish the season unbeaten against their Atlantic Cup rivals.

  2. Done Deals: De Bruyne joins Manchester City in busy day for Wolfsburg

    Aug 30, 2015, 8:05 PM EDT

    FBL-ENG-GER-ARSENAL-WOLFSBURG-FRIENDLY Getty Images

    Find out what moves have been completed with the transfer deadline approaching, as Wolfsburg made three big deals today.

  3. MLS Snapshot: Seattle Sounders 2-1 Portland Timbers

    Aug 30, 2015, 7:04 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpwiwy2q3odk1zwm3ownizgywzdkyota2nwzhymvkmgrl AP

    More than 64,000 supporters packed CenturyLink Field as the Sounders downed the Timbers in a Cascadia Cup clash.

  4. La Liga & Serie A roundup: Madrid clubs cruise; Juve loses again

    Aug 30, 2015, 6:20 PM EDT

    Karim Benzema AP

    Catch up on all of this weekend’s action from Spain and Italy’s top flights.

  5. Bayern Munich signs teen sensation Kingsley Coman from Juventus

    Aug 30, 2015, 5:30 PM EDT

    FBL-ITA-SERIEA-FIORENTINA-JUVENTUS Getty Images

    The French winger has played for Paris Saint-Germain, Juventus, and now Bayern Munich. All before his 20th birthday.

  6. USMNT releases 23-man roster for September friendlies

    Aug 30, 2015, 4:38 PM EDT

    Howard AP

    Tim Howard and Geoff Cameron are back in the squad, while the relatively unknown Andrew Wooten gets his first call-up.

  7. VIDEO: Garry Monk’s tactical changes led to win over Manchester United

    Aug 30, 2015, 4:00 PM EDT

    Newcastle United v Swansea City - Premier League Getty Images

    In a managerial battle between the young Garry Monk and the veteran Louis van Gaal, the kid came out on top.

  8. Roma beats Juventus 2-1 as defending champs drop second straight

    Aug 30, 2015, 3:05 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptqwogu2mgu2njgznjflnjbhmtyyota3mdazymzkyjvm AP

    After losing three matches all of last season, Juventus has now lost their first two games of the new campaign.

  9. VIDEO: Louis van Gaal laments being “too dominant” in loss to Swansea City

    Aug 30, 2015, 2:08 PM EDT

    VanGaal Getty Images

    The Manchester United manager believed his club got so comfortable on the ball that they lost their focus.

  10. Saint-Etienne striker Bahebeck hospitalized after breathing troubles

    Aug 30, 2015, 1:38 PM EDT

    Bahebeck Getty Images

    Reports indicate the Saint-Etienne medical staff was initially afraid that the young striker had suffered a heart attack, but it appears the issues are just heat related.

  11. Swansea City 2-1 Manchester United: Swans comeback stuns Red Devils

    Aug 30, 2015, 12:51 PM EDT

    Gomis Getty Images

    The Red Devils thought they’d picked up points at the Liberty Stadium, but Bafetimbi Gomis had other ideas.

  12. Sunday Transfer Rumor Roundup: Draxler to Wolfsburg, Wanyama to leave Saints

    Aug 30, 2015, 11:48 AM EDT

    Draxler Getty Images

    Juventus was in for the Schalke winger, but Wolfsburg now need a replacement for Kevin de Bruyne.

  13. Manchester City officially signs Kevin de Bruyne

    Aug 30, 2015, 11:12 AM EDT

    DeBruyne Getty Images

    Wolfsburg tried its darndest, but Kevin de Bruyne still decided to leave in favor of a crowded Manchester City squad.

  14. Watch Live: Swansea City vs Manchester United (Lineups and Live Stream)

    Aug 30, 2015, 10:42 AM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptfly2fjmgq3njvimzkxyze4mmmxowe2zwziyzg0mwvi AP

    Manchester United has started the season strong, but they take on a team that beat them twice last season.

  15. Southampton 3-0 Norwich City: Saints swarm 10-man Norwich for season’s first win

    Aug 30, 2015, 10:22 AM EDT

    Pelle Getty Images

    Graziano Pelle grabbed the opener and Dusan Tadic finished it off with a brace as Southampton flew to its first win of the year.

  16. Victor Valdes to trudge on at Manchester United after Besiktas move falls apart

    Aug 30, 2015, 9:29 AM EDT

    Valdes Getty Images

    Could Valdes be forced to stay with Manchester United despite his obvious wish to leave?

  17. Australian striker scores eight goals in A-League preseason match

    Aug 30, 2015, 8:46 AM EDT

    Maclaren Getty Images

    Oh the season hasn’t started yet? Jamie Maclaren wasn’t aware.

  18. Watch Live: Southampton vs Norwich City (Lineups and Live Stream)

    Aug 30, 2015, 7:50 AM EDT

    Koeman Getty Images

    Ronald Koeman must pick up a win fast or risk seeing Southampton in a serious early season hole.

  19. Montreal’s Frank Klopas becomes first MLS head coach fired this season

    Aug 30, 2015, 7:30 AM EDT

    Klopas Getty Images

    A single coach had yet to be fired as we approach the start of September, but that changed as Montreal made a change.

  20. MLS Snapshot: FC Dallas 2-0 Real Salt Lake (video)

    Aug 29, 2015, 11:37 PM EDT

    Fabian Castillo, FC Dallas Fabian Castillo, FC Dallas

    The playoffs look a might big ask of RSL, as they sit rock bottom, 10th place, in the Western Conference.

Featured video

Highlights: Swansea's win vs. Man United