$100M Returned to Brazil Cost in World Cup
FIFA returns $100M to Brazil and pending on the Rio De Janeiro 2016 Olympics is expected to top $15 billion. FIFA President Sepp Blatter pledged two years ago to give back some of the 2014 World Cup income to grassroots programs in the South American country, which spent about $15 billion organizing last year’s World Cup.
It is clear that Brazilian politicians underestimated the costs, stadiums were late getting ready, and many related infrastructure project were cancelled, or have yet to be completed. On the field, matches were high-scoring and jam-packed, and a heavy police and military presence helped discourage the kind of protests that overshadowed the 2013 Confederations Cup.
It will take years to assess the impact of the World Cup in Brazil.
FIFA Secretary General Jerome Valcke, speaking in Sao Paulo, said the World Cup “inevitably has an impact on society and the environment in the host country.” He said organizers had a “responsibility to limit the associated negative effects, while at the same time maximizing the huge positive impact it can have.”
FIFA said the Brazilian federation was responsible for the projects — subject to FIFA approval. FIFA said the spending would be audited by accounting firm KPMG.
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