In Saudi's unchallenged path to 2034 FIFA World Cup, pointers for India's Olympic ambitions
Financial Express Kolkata|December 15, 2024
THAT SAUDI ARABIA would get the hosting rights for the 2034 FIFA World Cup was a foregone conclusion once it became clear that the world governing body itself was going out of its way to ensure that particular outcome.
Tushar Bhaduri
In Saudi's unchallenged path to 2034 FIFA World Cup, pointers for India's Olympic ambitions

Recent history suggests that when the ruling establishment in the desert kingdom intends to get something, especially in the realm of sport, it usually gets its way.

Hence, despite the last edition being held in the Gulf region just two years ago, FIFA's showpiece event will be held in Qatar's immediate neighbourhood after another dozen years.

It shows the sort of influence and power Saudi Arabia has cultivated in the world of sport that there were no competing bids when the decision was made. The 2026 World Cup will be held in North America and will be jointly hosted in three continents – Europe, Africa and South America – in 2030, the centennial year of the World Cup.

That left only Oceania as a region, and Australia had expressed interest in bidding for 2036. However, the bidding process was unexpectedly sped up, giving interested parties only 25 days to express interest. It wasn't enough time for Australia to present a viable bid and they had no option but to pull out of the race, leaving Saudi Arabia to be chosen unopposed. It's said that FIFA president Gianni Infantino was engaged in private diplomacy on Saudi Arabia's behalf.

Football, tennis, motorsport, golf and even cricket, the Saudi ruling family has been extending its footprint across the sporting world, mainly through the Public Investment Fund (PIF). Since the 2022 World Cup, some of the most high-profile footballers in the world – such as Cristiano Ronaldo, Karim Benzema, Neymar, Sadio Mane and Riyad Mahrez – have moved to the Saudi professional league for huge transfer fees and eye-catching salaries.

この記事は Financial Express Kolkata の December 15, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Kolkata の December 15, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

FINANCIAL EXPRESS KOLKATAのその他の記事すべて表示
Markets slump over 1%
Financial Express Kolkata

Markets slump over 1%

● Investors' wealth down ₹4.92 lakh cr

time-read
2 分  |
December 18, 2024
EPFO weighs higher equity investments
Financial Express Kolkata

EPFO weighs higher equity investments

● Labour ministry panel to look at ways to raise exposure

time-read
2 分  |
December 18, 2024
Indian firms turn to euro, yen swaps to trim borrowing cost
Financial Express Kolkata

Indian firms turn to euro, yen swaps to trim borrowing cost

INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.

time-read
2 分  |
December 18, 2024
Financial Express Kolkata

IIT-Madras to offer fine arts, culture courses

IN A FIRST for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.

time-read
1 min  |
December 18, 2024
Financial Express Kolkata

Not even 2% work-linked higher education courses yet: Report

EVEN AS ASSORTED government schemes are a national skill mission aiming to make India's workforce more employable, the latest TeamLease EdTech survey has revealed that barely 2% of the higher education institutions (HEIs) in the country are offering degrees that are work-linked.

time-read
1 min  |
December 18, 2024
Financial Express Kolkata

The world's busiest airline routes in 2024 are largely in Asia

● Leisure continues to outshine corporate trips

time-read
1 min  |
December 18, 2024
Financial Express Kolkata

Indian firms use euro, yen swaps

ECB president Christine Lagarde hinted at a bigger 50 basis point rate cut to buffer the euro zone economy

time-read
1 min  |
December 18, 2024
Financial Express Kolkata

SME IPOs fetch rich returns in Dec

THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.

time-read
1 min  |
December 18, 2024
Financial Express Kolkata

EPFO weighs higher equity investments

IN FY23, the interest rate was fixed at 8.15% and 8.10% in FY22.

time-read
2 分  |
December 18, 2024
Financial Express Kolkata

KYC masking to go live on Jan 20

IN A MOVE that provides relief to financial institutions, the Central KYC Records Registry has extended the deadline for masking Know Your Customer (KYC) documents to January 20 next year.

time-read
1 min  |
December 18, 2024