Originally posted by bindaschess
The home pressure will ensure that the Brazillian team will give its best shot on the cup and Brazil at its best is unstoppable.
Look at the way India did in 2011 Cricket world cup, the home fans ensuring its win.
So be happy for hosting the world cup and the opportunity to welcome a few million guests.
With regards to my comments above, I am not referring to the Seleção, on the contrary, from the little I know, I believe it is a much better one than we've had in recent past, and I will be eating my nails just like all other 198M back home.
However, the world cup event is more than just soccer and sport, it is BIG MONEY. I will make myself brief by quoting a passage of an article in the Economist dated May 2014, which I find, reflects what this 2014 WC represents to the Brazilian people.
So the total effect on South Africa's economy should be roughly the same, with about 93 billion rand ($12.4 billion) injected, most of that having been generated before this year. Tourism should account for 16% of the final total. Much of the rest will come from the central government's spending on infrastructure.
Very nice for South Africa, perhaps. But South Africans themselves are grumbling about the eye-wateringly large amounts of money that FIFA, the world football body that is the monopoly organiser, is poised to make, even though South Africa is bearing most of the cost. FIFA is responsible only for the prize money paid to the teams along with the cost of their travel and preparation, which amounted to just $279m in Germany, where the tournament last took place, in 2006. This week FIFA said it would contribute an extra $100m to the South Africans to ensure that all the facilities are ready in time.
Yet the event's main direct benefits, from television and marketing rights, all go to FIFA. According to Citi, the research arm of Citibank, FIFA's profit in Germany came to $1.8 billion, equivalent to 0.7% of South Africa's GDP. FIFA will recycle much of that money into football development worldwide. Nonetheless, even a bit of it would help clear up some of the country's festering shanty towns.
P.s. I would like to add that if 1/3 of the funds invested by the Brazilian govt in infra-structure had been directed to health, education, housing, to mention the basics, us Brazilians today would be number 1 jubilating about the world cup. 🙂