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Do you have sources for it being so profitable? For who? Everything I understand about events like the World Cup and Olympics is that they are massively wastefu
by the_watcher 13y ago
Do you have sources for it being so profitable? For who? Everything I understand about events like the World Cup and Olympics is that they are massively wasteful, corrupt, publicly funded economic disasters. Is that just the Olympics?
- 404error 13y agohttp://en.wikipedia.org/wiki/Economics_of_the_FIFA_World_Cup http://en.wikipedia.org/wiki/Economics_of_the_FIFA_World_Cup It was one of the most profitable World Cups, take into account that it was in 1994.
- the_watcher 13y agoThe most comprehensive source (and most recent, and only source about the economics I can still find) to this page suggests that it was an economic catastrophe that "showed a cumulative loss of $5.6 billion to $9 billion."[1] It's the same argument politicians use to swindle taxpayers into publicly financing stadiums for billionaire sports owners. [1] http://articles.latimes.com/2010/sep/07/opinion/la-oe-coates-worldcup-20100907 http://articles.latimes.com/2010/sep/07/opinion/la-oe-coates...