FIFA earns record $7.5bn revenue for Qatar World Cup | Qatar World Cup 2022

The earnings from this World Cup cycle are $1bn greater than these generated from the 2018 match in Russia.

FIFA has earned an unprecedented $7.5bn in income by 4 years of business offers tied to the 2022 World Cup in Qatar, the governing physique of soccer says.

The earnings, which FIFA revealed on Sunday to officers from greater than 200 of its member nations, are $1bn greater than what the organisation pulled in from the earlier World Cup cycle main as much as the 2018 occasion in Russia.

The additional earnings was buoyed by business offers with this yr’s hosts. Qatar Power joined as a top-tier sponsor, and new third-tier sponsors embody Qatari financial institution QNB and telecommunications agency Ooredoo. FIFA additionally added second-tier sponsor offers this yr from monetary platform and blockchain supplier Algorand, its first new American sponsor in additional than a decade.

Key broadcast offers for this yr’s World Cup had been signed throughout Sepp Blatter’s presidency in two-tournament offers for the Russia and Qatar occasions. They included offers with Fox in the USA and Qatari broadcaster BeIN Sports activities from 2011.

FIFA pays for host international locations’ organising committees, prize cash, journey and lodging for groups and help employees. It additionally pays for a legacy fund to assist develop the game within the host nation after the World Cup circus has left city.

The winners of the Qatar World Cup will obtain $44 million out of a complete prize pot of $440 million.

FIFA organises its accounts in four-year cycles round every World Cup. For the 2015-18 cycle main as much as the Russia World Cup, the governing physique introduced in $6.4bn. It has used that money to assist member our bodies by uncertainty in 2020 when nationwide workforce soccer and World Cup qualifying video games had been nearly fully shut down.

The organisation’s revenues are prone to method $10bn for the following 4 years, due to a brand new monetary technique for girls’s soccer and the expanded 2026 World Cup within the US, Canada and Mexico, which is able to see 48 groups compete for the primary time, up from the current 32.

FIFA has an nearly clean slate for the 2026 version with top-tier sponsors Coca-Cola, Adidas and Wanda the one offers at present prolonged. Separate sponsor offers for girls’s soccer are being signed for the 2023 World Cup in Australia and New Zealand.

China gifts two giant pandas to Qatar ahead of FIFA World Cup | Qatar World Cup 2022 News

Pandas ‘Suhail’ and ‘Soraya’ will arrive in October forward of the World Cup as a ‘new image of China-Qatar friendship’.

China introduced that it’s going to give Qatar two large pandas to mark the FIFA World Cup being held within the state in November and December.

Chinese language ambassador to Qatar, Zhou Jian, mentioned that pandas named “Suhail” and “Soraya” would arrive within the nation subsequent month, forward of the soccer match that can begin on November 20.

“It is a present offered by the 1.4 billion Chinese language individuals for the Qatar World Cup, and can absolutely turn out to be a brand new image of China-Qatar friendship,” the envoy mentioned at a reception.

Whereas China’s crew didn’t qualify for the World Cup, Chinese language firms have been concerned in the development of mega initiatives across the occasion.

After Qatar’s Emir Sheikh Tamim bin Hamad Al Thani was one of a few world leaders who attended the controversial Winter Olympics in China, President Xi Jinping mentioned he was able to launch panda cooperation with the Center East.

China is more and more remoted from Western powers over points like its help for Russia’s invasion of Ukraine. Consequently, “it’s nonetheless making an attempt to capitalise on the World Cup and the way higher to do this than with a little bit of panda diplomacy”, mentioned Al Jazeera’s Patrick Fok, reporting from Beijing.

Suhail is the identify of one of many brightest stars seen within the Gulf area, whereas Soraya is the Arabic identify for the Pleiades star cluster.