Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Fear of World Cup fan shortage
Bloomberg, March 23rd, 2010 1:38AM
Subscribe to Section 2 Around the Net


MOST READ
TAGS:  World Cup


In the latest update on fears that fans aren't lining up to attend this summer's World Cup in South Africa, Mike Cohen reports that three months before the June 11 kickoff, about 100,000 international air tickets have been sold, the international visitor estimate has been cut to 350,000 from 450,000, and the expected contribution to economic growth has been halved.

South Africa has spent $4.6 billion to host the tournament, including building 10 world-class stadiums. “When the World Cup was awarded to us in 2004, the economic situation was completely different,” Sports Minister Makhenkesi Stofile said. “We have to revisit those projections and be realistic.”

Low attendance would be a blow to the government's efforts to expand the tourism industry and revive consumer spending following the country’s first recession in 17 years. The Ministry of Finance said on March 17 that the tournament would boost gross domestic product by about 0.5 percent this year, half of what was projected before the global recession.

Because of a lack of demand, MATCH Services AG, which FIFA contracted with to supply ticketing and accommodation services for the tournament, has relinquished rights for more than 450,000 nights of hotel room bookings. Sales of corporate hospitality packages were 50 percent short of the target.

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now


AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
EPL clubs lost $560 million last year    
English Premier League lost a total of $560 million despite a record $3.6 billion in income.
FIFA won't vote to oust Blazer    
A formal proposal by Concacaf to oust U.S. official Chuck Blazer from the FIFA executive committee ...
All-Brazilian semi in Copa Libertadores    
Copa Libertadores defending champion Santos scored a late goal to force a 1-1 aggregate tie before ...
Angel enjoys Red Bull return    
Former Red Bulls captain Juan Pablo Angel made his first visit to Red Bull Arena since ...
PK controversy in Dallas    
In Chicago's 2-1 win at Dallas on Wednesday, Chicago keeper Sean Johnson saved a Blas Perez ...
Wembley friendly to feature goal-line test    
When England takes on Belgium in a Euro 2012 warmup next week, one of the two ...
Beckham blames the ref    
The Los Angeles Galaxy are on a 6-game winless streak after falling Wednesday, 3-2, to San ...
Concacaf officials vote against Blazer    
A list of financial mismanagement allegations against former Concacaf leaders Jack Warner and Chuck Blazer was ...
Donovan misses Everton    
With his defending MLS champion Los Angeles Galaxy last in the Western Conference, Landon Donovan is ...
Joey Barton banned for 12 games    
Joey Barton's dismissal that helped Manchester City beat his Queens Park Rangers, 3-2, and win the ...
>> Section 2 Around the Net Archives