Sunday, June 15, 2014

The Brazil World Cup could be the last true sports mega-event...

Plagued by delays and opposition at home, the World Cup in Brazil might be a turning point for sporting mega-events, forcing soccer's governing body and the International Olympic Committee to accept less ambitious bids to reduce the risk of public backlash.

Described by Brazil's government as "the Cup to end all Cups," the tournament kicked off on Thursday to a backdrop of controversy and concern.

The world soccer organization, FIFA, is facing corruption allegations over how Qatar won the right to host the 2022 World Cup as well as match-fixing claims, fewer countries are keen to host big events and even some sponsors are starting to question the "halo effect" of associating with them.

Ever since the 1992 Olympics in Barcelona, which set the gold standard, large sporting events have been increasingly used to drive infrastructure projects and try to regenerate cities.

Sports economists and sources inside FIFA say Brazil, the most expensive World Cup ever at an estimated cost of $11.3 billion, has shown both the limits and the risks of this model.

Although the nature of the bidding process means countries able to splurge on state-of-the-art stadiums will still attract support, there is a growing sense among the populations of cities and nations considering being hosts for major sporting events that bigger is not always better. Full story...

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