Economics of the FIFA World Cup

The FIFA World Cup has a significant impact on the global economy. FIFA, football's global governing body with 204- member countries, is beginning to view itself as a global "big business". This self-image is no assumption; it has been proven throughout various World Cups that this football tournament has a global impact.
World Cup sponsorship has risen from two thousand dollars in 1984 to 16 thousand dollars in 1996.The tournament attracts hundreds of millions of viewers on average from beginning to end of the tournament.
The 1994 World Cup in the United States was hosted in a number of different cities.The money spent on hotels and restaurants helps the entire U.S. economy in that many of these hotels and restaurants are chains and corporations. Hence, the money made is spread throughout the corporation and it was found to be used for the opening of new facilities and expansions of the corporation.
In addition to the direct impacts of the 1994 World Cup, there are many indirect impacts as well.
In the 2002 World Cup, several other advantages were discovered when the host was split between Japan and Korea. This was the first time the tournament was hosted in two countries. With the three million live spectators ticket sales were an astronomical 1.2 billion dollars. FIFA alone promised each country 110 million for hosting and all revenue from their ticket sales.
The 2006 World Cup was adjudged a success comparable to that of the 1994 US World Cup.The German government reported that tourism revenue over the month of the World Cup was up roughly 400 million dollars. They made about 3 billion more dollars in retail such as jerseys and other paraphernalia regarding the Cup. Lastly, a reported 500,000 new jobs were yielded in preparation for the tournament. This impact sends ripples through an economy.
The 2010 FIFA World Cup was held in South Africa, for the first time in the tournament's history. Even though it did not attract as many foreign visitors as the USA and Germany World Cups, it had an economic benefit due to the location and already emerging economy.    —Internet