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FIFA made $~15 billion USD this World Cup, roughly double what they made in Qatar in 2022. There are many low-hanging fruit that can be optimized to increase th
by glitchc 2mo ago
FIFA made $~15 billion USD this World Cup, roughly double what they made in Qatar in 2022. There are many low-hanging fruit that can be optimized to increase that revenue by 10x.
- haunter 2mo agoThe difference that FIFA ran the whole tournament now. There was no Local Organizing Committee (LOC) like with every single previous event.
- ahartmetz 2mo agoI have never before seen "FIFA World Cup" used so much and I guess that's why. Do you enjoy watching FIA F1 or IOC Olympics? It's pushy and inconsiderate self-promotion that nobody wants to hear.
- ascagnel_ 2mo agoI also wonder if it's a trademark thing -- there are other world cups, but there's only one FIFA capital-W world capital-C cup. Just off the top of my head, the last decade has had cricket, rugby, basketball, and ice hockey world cups.
- overfeed 2mo agoI didn't realize the commercial-block-sized "hydration breaks" were that profitable. For a second, I thought the Americanization[1] of fùtbol would be done gradually and no one would complain as we'd be slowly boiled. I'm glad the corrupt bastards got greedy/impatient and took a big swing. 1. Sports primarily as a business, catering to owners first, sponsors second, broadcasters third, and then lastly, fans. IMO non-profit sports organizations are the best model for fans, who I identify the most with.
- glitchc 2mo agoPer-ticket prices were a big factor too. By turning it into an open bidding process, every ticket sold at close to its market value, and many above that.
- skywhopper 2mo agoAnd they took a 15% commission on both sides of every aftermarket transaction. I’ve never seen such an overtly avaricious “marketplace”.
- tremon 2mo agoOff in the distance, an app store rings its 30% bell.
- herdrick 2mo agoAbove? I don't know anything about these particular auctions, but how could any auction arrive at a price above market value?
- ginko 2mo agoThat one I can't be too mad about. Better FIFA gets the profits instead of ticket scalpers.
- notahacker 2mo agoThere were 40% more games than the last World Cup, which is a lot of extra broadcast rights and ticket revenues...
- ifwinterco 2mo agoIt is absolutely outrageous that FIFA unilaterally changed the structure of a football match (that’s been the same since the nineteenth century) with no consultation, just so they could show ads
- throw1234567891 2mo agoDon’t watch. I watched the last 10 minutes of the tournament and it was enough.
- lossolo 2mo ago> There are many low-hanging fruit that can be optimized to increase that revenue by 10x. The $15 billion figure is for FIFA's ENTIRE 2023-2026 revenue cycle, so not just this World Cup. But the obvious "low-hanging fruit" was making the tournamenta lot larger (104 matches instead of Qatar's 64), so a lot more tickets, hospitality sales, ads etc Also two 3 minute hydration breaks per match, giving broadcasters additional advertising windows. That's your "optimization".
- notahacker 2mo agoYeah, I can see them doubling that revenue by being even more extortionate with ticket prices and adding another 16 teams (as already planned to happen) to add more games. But the only way they 10x is to start running more FIFA competitions, and that's when they encroach on UEFA's cash cows...
- throw1234567891 2mo agoSome good thoughts here. I could see a stretching break and maybe a rolling competition between halves.