Comments on: FIFA World Cup Impact on Global Economy

By: Noobpreneur

Noobpreneur — Wed, 14 Jul 2010 15:11:18 +0000

Soccer Fooligan,

Reading your rants, I see some truth being shed – I agree that maintaining those stadiums will cost a fortune (mainly, taxpayers’ money.) I assume that although most participating countries get some boost to their economy, this might not be the case of the host country. Exposure is cool, tourism is booming, but maintenance is just a different ball game.

Thanks for sharing your thought!

By: Soccer Fooligan

Soccer Fooligan — Wed, 14 Jul 2010 05:16:22 +0000

Just like every past olympics and world cup billions are spent on stadiums etc that are forced upon the poor taxpayers while the organizers sit in their swiss offices getting millions and paying no taxes demanding this and that.These soccer stadiums will just be a tax dollar money pit as they will be kept up for no real reason for decades at a huge expense,they may be used once or twice a year. As far as it being a boost in tourism people have and always will come to South Africa except now their cheesy souvenirs will cost a lot more with the VAT to pay for those stadiums(instead of using that money to pay for decent housing for the native people instead of the dog houses they currently try to live in)…whitey has screwed them again.Trust me it is all wasted revenue and any visitor will wind up paying more for crap too.The S.A finance minister says it may have broke even for now but this guy is paid to state lies like any other Gov’t employee.The World Cup flim flam WILL still cost millions maybe billions of more Rand to keep those 10 stadiums from crumbling like most of South Africas infrastructure.Is Soccer really worth all that shit?Well yes,just ask those FIFA execs sitting in their Ferraris cruising around Lake Zurich while the rest of S.A pays for it all.

By: Noobpreneur

Noobpreneur — Tue, 13 Jul 2010 07:40:41 +0000

Prakaash,

Hm, you got a point… Cheers!

By: prakaash

prakaash — Tue, 13 Jul 2010 06:46:43 +0000

It has to be once in 4 years, to be successful…I think…just like the Olympics. If you have it yearly, it will just be like the EPL & Champions league. It will not give great impact to global economy.

By: Noobpreneur

Noobpreneur — Mon, 12 Jul 2010 18:15:47 +0000

Let the oracle Paul to predict the stock markets :)

By: Noobpreneur

Noobpreneur — Mon, 12 Jul 2010 18:12:26 +0000

Mouli,

Yes – unfortunately it’s only once every 4 years – it should be an ongoing yearly event, especially in today’s recession!

By: Handy

Handy — Mon, 12 Jul 2010 16:33:49 +0000

We have an infallible oracle and have only used it for World Cup, go figure

By: Mouli Cohen

Mouli Cohen — Mon, 12 Jul 2010 02:32:16 +0000

If we can wish every year there’s a World Cup, it can boost everyone’s host country’s economy. It does good especially those countries who participates in this event.