The expected budget of coming Brazil 2014 World cup is around $13.6 billion and it is a known fact that Brazil is shaking all the way to provide world class infrastructure facilities amid high rising costs and internal problems over there, perhaps many of WC venues are still not ready and bypassed their due deadlines. American rating agency Standard & Poor has now warned about 2018 world cup being hosted by Russia, it said that most of the cities where matches are scheduled to play are going to face financial crunches coz of mounting cost they are going to incur. Reportedly, there are 11 cities where WC matches will be played and out of them only four are capable to raise the required funds while other seven are already struggling in arranging the money. Perhaps, it has become more critical after Russian federal government has narrowed its grant for the upcoming world cup in Russia. According to the roadmap, most of the funding will be spent in providing better transport by making new … [Read more...]
Brazil World Cup to Have 1.879 Billion Security Budget
While 2018 World Cup, which is going to be hosted by Russia, is creating milestones one after another, Brazil is also not keeping itself behind of anyone else. While Russia is investing billions in reconstructing its stadiums, Brazil is all set to deploy one of the biggest task forces to ensure no ferocity could happen in the field. Actually, crime is on the rise in Brazil recently; hence to counter rising cases of crime and criminality, Brazil has set aside a record amount towards world cup security, perhaps the amount is so mammoth that it has created a buzz in soccer fraternity, and everybody is taking about how Brazil can afford to spend so much of money on soccer world cup. Actually, Brazilian Government is equally contributing to bear the mounting security budget and making it ensured that coming mega event will be the most protected global event ever. The ratio of security personnel, as claimed by the authorities, is one police officer per 50 stadium viewers, and one police … [Read more...]
Russia Double 2018 World Cup’s Budget To $20 Billion
It may be the time when everybody looks to be busy with Brazil 2014 World cup, but in another part of the world, i.e., Russia, preliminary steps have been initiated for the next world cup which is scheduled to be hosted by them. Russia was chosen as the host of the said world cup in 2010 and at that time the expected budget was around $10 Billion which is now doubled upto around $20 Billion to be precise. This mammoth investment will be born in 50:50 ratios by both public and private sectors in the country. At the moment, there is a huge margin of development in every department: may it be adequate transportation, equipped stadiums, transportation, or even hospitality. Vitaly Mutko, the sports minister of Russia, informed about this raised budget after his joint conference with FIFA president Sepp Blatter last Sunday. Notably, public sector’s expenses will be borne by both central and regional governments equally. Moreover, he also said that these figures are not full and final, so he … [Read more...]