The following is a great article from Fox News (I never thought I would say that). It addresses an interesting question – should the World Cup in Brazil be cancelled?
Does anyone really want to cancel the World Cup?
I like this as a terrifying tactic for the Brazilian people to get what they want from the government. But in reality, that means the millions poured into the stadiums will see no return.
I don’t understand the economics around the World Cup in Brazil, but I think somebody better get on it.
If the numbers are crunched and the World Cup Brazil games will be operating at a loss anyway – if the negative numbers will only increase as the games are played – let’s get out for goodness sake.
But if there is a chance that in the end the operations will pull off a return, or at least reduce total losses, the games need to stay on schedule and the government needs to be totally transparent about where profit is going – and it better be going into the infrastructure of the country.
Scenario #2 depends on the powers that be to 1) make an honest and realistic assessment of how profitable or not hosting the games is going to be and 2) honestly report about where the revenues are going to land. I don’t have complete faith that either of these tasks will take place, but here is hoping.
What do you think? Cancel the Cup?