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Russia to host most expensive World Cup ever

FIFA World Cup games gather a third of the world’s population in stadiums and arenas and in front of television screens. In 2018, around 2 billion people will watch the games in 11 Russian cities, since it was Russia that won the bid to host the 2018 FIFA World Cup. Now, Russia has fewer than five years to disburse 660 billion rubles ($20 billion) – the anticipated budget for the world’s biggest football event.

Russia traditionally spends lavishly on the global-scale events that it hosts; this is the very nature of the expansive Russian soul. It will host the astronomically expensive 2014 Winter Olympics in Sochi, which will cost an estimated $50 billion. By comparison, the UK spent $14.3 billion on the 2012 Summer Olympics in London, against an initial cost estimate of $9.5 billion.


The budget for the 2018 FIFA World Cup in Russia has every chance of breaking spending records with an impressive 660 billion rubles. Standard & Poor’s rating agency said in a report that South Africa spent “only” $6 billion on the 2010 World Cup, whereas the original estimate was $4 billion; and the 2014 World Cup in Brazil is projected to cost up to $13.6 billion, up from the original estimate of $9 billion….Read more

Source:Russia Beyond The Headlines

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