FIFA Estimated to Make $6.1 Billion USD from 2018 World Cup

Largely thanks to Chinese companies.

By //Sports

The 2018 FIFA World Cup is set to generate $6.1 billion USD in revenue, according to FIFA financial documents reviewed by The New York Times. This year’s major quadrennial football tournament — which kicks off this Thursday, June 14 in Moscow, Russia — is estimated to bring in 10 percent more than what FIFA had initially projected and $1.3 billion USD more than the last 2014 World Cup held in Brazil, potentially reversing years of losses for FIFA due to Western companies pulling out over bribery scandals.

FIFA’s current financial brawn is largely owed to new deals with Chinese companies. This year, seven of the 20 major sponsors for the 2018 World Cup are Chinese Companies; the previous tournament, there was just one sponsoring Chinese company. Indeed, despite the fact that China’s national football team ranked 31st out of 32 teams this year, the country has established a dominant presence over the world’s biggest football event, which has been significantly pushed by President Xi Jinping’s investment in China’s sports sector, particularly focused on soccer.

Share your thoughts in the comments below and make sure to follow our FIFA World Cup coverage for the latest football news and special releases. In case you missed it, Louis Vuitton revealed the official 2018 World Cup trophy case.

Read Full Article
Source
The New York Times
FootballSoccerFifaWorld CupFIFA World Cup2018 FIFA World Cup

You may also like

Instagram Estimated to Now Be Worth Over $100 Billion USD
Tech

Instagram Estimated to Now Be Worth Over $100 Billion USD

Facebook originally bought Instagram for $1 billion USD.
3,373 Hypes 11 Comments
The Best Memes From the 2018 FIFA World Cup: France vs. Croatia
Sports

The Best Memes From the 2018 FIFA World Cup: France vs. Croatia

The month-long tournament comes to a close.
129,531 Hypes 14 Comments
2026 World Cup to be Hosted by the U.S., Mexico & Canada
Sports

2026 World Cup to be Hosted by the U.S., Mexico & Canada

With the final in Dallas, Los Angeles or New York.
2,533 Hypes 10 Comments
Kylian Mbappé to Donate $500,000 USD World Cup Winnings to Charity
Sports

Kylian Mbappé to Donate $500,000 USD World Cup Winnings to Charity

Another big statement from the youngster.
8,697 Hypes 18 Comments
Dele Alli's Rise From the Street to the World Cup
Sports

Dele Alli's Rise From the Street to the World Cup

The first chapter of our ‘Destined’ series.
11,507 Hypes 2 Comments
Louis Vuitton to Auction Special-Edition World Cup Case Trunk for Charity
Sports

Louis Vuitton to Auction Special-Edition World Cup Case Trunk for Charity

Just 25 trunks in the world.
3,572 Hypes 2 Comments


What to Read Next

'SOULCALIBUR VI' Set to Release With a Collector's Edition
Entertainment

'SOULCALIBUR VI' Set to Release With a Collector's Edition

The Soul Edge returns.

Lorenzi Milano’s Luxurious Toothpaste Squeezer Is Yours for $170 USD
Design

Lorenzi Milano’s Luxurious Toothpaste Squeezer Is Yours for $170 USD

Father’s day gift anyone?

Going Backstage at Kiko Kostadinov's Sublime Spring/Summer 2019 Show
Fashion 

Going Backstage at Kiko Kostadinov's Sublime Spring/Summer 2019 Show

The designer showed just why he’s been labelled one to watch.


Aston Martin Will Soon Unleash the Rapide AMR Sedan
Automotive

Aston Martin Will Soon Unleash the Rapide AMR Sedan

Expected to be one of the most powerful four-doors.

Kanye West & Kid Cudi's "Reborn" Lyrics Explained
Music

Kanye West & Kid Cudi's "Reborn" Lyrics Explained

Touching upon Chicago’s Arthur J. Audy Home.

Kim Jong-un and Donald Trump's Singapore Meetup Causes an Internet Roast Session
Entertainment

Kim Jong-un and Donald Trump's Singapore Meetup Causes an Internet Roast Session

All eyes were on the historic first meeting.

More ▾