The 2022 FIFA World Cup in Qatar will be the biggest football event. Starting on 20 November, the tournament will feature 32 teams and will be the first-ever World Cup that will take place in the Arab World.
According to www.jaxkidsdirectory.com, the 2022 FIFA World Cup in Qatar will be the most expensive competition in football’s history. The organizers had to build special stadiums for the event, so they spent billions of dollars.
Aside from the money needed for the preparation, the World Cup has all sorts of other expenses. “Although Qatar is known for being one of the wealthiest countries in the region, no one expected it to spend that much money”, said the football expert Kristiyan. “This will be the most expensive World Cup in history, and it seems like it will take years for someone to top it”.
But how much money will Qatar spend on this competition, and what will it use it for after already investing more than $220 billion? Keep reading to find out.
Prize Money – $440M
One of the things that people don’t often talk about is the prize money that international teams win at the World Cup. For example, after winning the 2018 FIFA World Cup, France got $38M. This amount might seem impressive, but some sources claim that the 2022 FIFA World Cup winners will get $42M.
Although most players do not compete for money when it comes down to the national team, having access to such a high reward is definitely motivation. That said, some experts expected the prize for the winners to be higher, considering the amount Qatar spent on this event.
As for the expenses regarding the prize money, the total prize pool is around $440M, which is impressive, to say the least.
Operational Expenses – $322M
It probably doesn’t come as a surprise that organizing a FIFA World Cup is easier said than done. Qatar had to build new stadiums, but the country also needs to do other things to ensure players and fans are safe. Therefore, the operational expenses will be around $322M.
The operating expenses for this World Cup are considerably higher than those of the previous competitions. Aside from event transport and ticketing, they include insurance, referee services, guest management, logistics, technical services, special events, and more.
TV Operations – $247M
Since the FIFA World Cup is the most important event in football, billions of people worldwide watch the competition. In fact, the Grand Final in each World Cup is often some of the most televised events in history. Hence, popular sports TV channels spend a lot of money to be able to broadcast it.
Regarding the 2022 FIFA World Cup in Qatar, the TV operations will cost around $247M. This is a lot of money, but we must remember that this will be the first football event of this caliber held in this part of the world. Needless to say, the competition will have tons of new fans.
It will be interesting to see the revenue the FIFA World Cup will get from the media rights this year. The stats show that the competitions in 2010 and 2014 generated around $2.4B, so we won’t be surprised if this one is even more impressive.
Club Benefits Program – $209M
Many people don’t know that FIFA has something called Club Benefits Programme. The idea behind it is to reward certain clubs that participate in the staging of the FIFA World Cup. The program came into existence in 2010, giving a share of the benefits of hosting the event to the clubs that are a part of the Member Association and have released their players for the FIFA World Cup.
Interestingly, this program’s budget was around $70M in 2014. However, this year, teams will get $209M, which means the amount was the same as in 2018 when the event was in Russia.
Every team that wants to participate in the program must file a Club Application Form. Once the team is accepted, the amount of money it gets depends on several things. For example, it is based on the number of players from the given club that will participate in the event.
Workforce Management – $207M
Hosting a FIFA World Cup is not easy, even for some of the wealthiest countries in the world. They need a lot of people, which is why the workforce expenses are pretty high.
Similar to previous years, there have been many rumours and controversies about Qatar’s “abuse” towards its workforce, most of which are migrants. There have been many reports in the last couple of years about all kinds of things, including several horror stories.
We are yet to see whether some of the accusations are true. For now, we know that the 2022 FIFA World Cup budget for managing this workforce will be around $207M.
Team Services – $117M
As mentioned earlier, this year’s competition will have 32 teams. It probably doesn’t come as a surprise that many will need all sorts of services throughout the event. Therefore, the 2022 FIFA World Cup in Qatar has a budget of around $117M for those kinds of things. Once again, this amount is slightly higher than it was a couple of years ago.
Other FIFA World cup items – $72M
As this section suggests, it includes all other expenses that do not fall into the previous categories. Every big sports event has a lot of unpredictable expenses that organizers have to take into account. Since this will be the first FIFA World Cup in the Middle East, Qatar didn’t want to take any risks. Hence, the budget for those kinds of things is around $72M.
ICT – $49M
Also known as Information and communications technology, ICT has a crucial role in every big sports event. Since the 2022 FIFA World Cup in Qatar is the biggest football event, it is essential to have as many fans as possible. This can only be achieved by providing accurate information about it.
Marketing Rights Delivery – $33M
Marketing is crucial in sports because it allows some of the world’s top brands to reach out to loads of potential customers. Most companies realize this, which is why they are more than happy to be one of the 2022 FIFA World Cup Qatar sponsors.
With that said, the investment budget for the marketing rights delivery will be around $33M. This is a lot of money, but it is significantly less than the budget for other kinds of things.
Conclusion
The 2022 FFIFA World Cup Qatar will occur between 20 November and 18 December. Unsurprisingly, every football fan is eager to see which country will win the 22nd running of this competition.
This FIFA World Cup will differ from the previous one for many reasons, one of which is its location. Instead of being held in the summer, football’s most prestigious event will occur in the winter. After all, the temperatures in Qatar are much higher than those in other countries.
Interestingly, the FIFA World Cup in Qatar will be the most expensive competition in history. Sources claim that the country has spent $220B, which dwarfs the amount invested by Russia in 2018, which was $11.6B.
