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Opinion | The cost-benefit analysis of hosting a Fifa World Cup or Olympics: Rio’s warning to China is to do so at your peril
- Brazil set bar for new low, hosting World Cup and Olympics amid recession
- Cities and countries backing out from bids as public gets wise to cost-benefit analysis
Reading Time:3 minutes
Why you can trust SCMP
It’s safe to say the allure of hosting a major sporting event has faded.
For many the last straw was the debacle that was the 2016 Summer Olympics, held in Rio de Janeiro, Brazil.
Take Rio’s Maracana stadium – the iconic venue stood empty as politicians squabbled over who would take care of it months after the Olympics.
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Infiltrated by looters, ramshackled by thieves and infested with worms, it signified the ugly underbelly of hosting an incredibly expensive sporting event.
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Brazil had no business hosting the 2016 Summer Olympics, or even the 2014 Fifa World Cup. The country was already in a state of economic despair, and the price tag for both events was dear.
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