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Qatar Will Spend $220 Billion to Host 2022 FIFA World Cup

Qatar will spend $220 billion to host the 2022 world cup which is $208 billion higher than what was spent in 2018

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Qatar will spend $220 billion to host the 2022 world cup which is $208 billion higher than what was spent in 2018. 

As the 2022 FIFA World Cup draws nearer, investigations have revealed that the host country, Qatar is expending a whopping sum of $220 billion to host the most watched sporting event in the world 

Investors King understands that this was $208 billion higher than what was used to host the last edition of the FIFA World Cup in Russia. 

It could be recalled that Russia spent $11.6 billion to host the 2018 FIFA World Cup. 

The 2022 FIFA World Cup is scheduled to hold between the 20th of November and the 18th of December 2022. The opening ceremony will take place at the 60,000-capacity Al Bayt Stadium. 

This is the first time that the FIFA World Cup is being held in the Middle East and the second time it will be hosted by an Asian Nation.

In preparation for the much-anticipated sporting event, the government of Qatar has built a new city ‘Lusail’ where the final will be conducted at the iconic Lusail Stadium. 

It was reported that the oil-rich nation ‘Qatar’ is spending $500 million every week on construction, infrastructure, hospitals, hotels, airports, and several new stadiums.

About 1.5 million people are expected to arrive in Qatar for the FIFA World Cup. Out of the eight stadiums prepared for the world cup, seven of them are newly built with world-class facilities. 

Financial Analysts have estimated that the world cup will create more than one million jobs for the country across key sectors like construction, real estate, hospitality and tourism. 

Besides, analysts opined that activities surrounding 2022 world cup will increase Qatar’s Gross Domestic Product (GDP) by 4.1 percent while it will contribute about $20 billion to the economy in the near time. 

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Sport Business

Billionaire Jim Ratcliffe to Bid for Manchester United as David Beckham Struggles to Raise Fund

Again, Sir Jim Ratcliffe moves to acquire Manchester United

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Sir Jim Ratcliffe

British richest man, Sir Jim Ratcliffe has launched a bid for Manchester United amid a report that the Glazer family put the Premier League club up for sale. This is the second time Jim Ratcliffe will be aiming to buy the most valuable club in England. 

Investors King learnt that the Glazer family planned to sell the club at a valuation of £5 billion. The 70-year-old has been a lifelong fan of Manchester United. 

While recounting his first attempt to purchase the club, Ratcliffe stated that he planned to submit a bid higher than the club’s valuation. 

Meanwhile, former England captain David Beckham, who spent more than ten years at Manchester United has stated that he is open to holding talks with potential bidders for the club, Financial Times reported. 

This is after it has been reported that the football legend is having difficulty raising the fund. He has however called on other interested investors to join him to bid for the club. 

Reacting to the development, Manchester United shares were up at nearly 19 percent at the opening of market on Wednesday. This is in addition to the 14 percent gain it recorded on Tuesday afternoon. 

In a similar development, Manchester United fans have called for fresh investment and new ownership to boost the title chances of the club after many years of unimpressive performance. 

“Our club needs new investment more than ever. That requires new ownership,” the fans group stated in a statement. 

They added that the fans group should be given the opportunity to have a say in the future of the club.

“Any new ownership structure must embed supporters, including a degree of fan share ownership, in their operating model,” they noted. 

With a record of 20 English League titles, 12 FA Cups, 4 League Cups, 3 European Champions Cups, and 1 FIFA Club World Cup, Manchester United is undoubtedly one of the most successful clubs in the world.

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Sport Business

2022 World Cup: $220 Worth Football Competition Begin on Sunday

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Real Madrid's Portuguese forward Cristia

As the World anticipates the most watched sporting event scheduled to begin on Sunday, the organiser, FIFA, and the host country, Qatar have perfected plans to host the most expensive sporting event in the world so far. 

Investors King learnt that the government of Qatar is spending a sum of $220 billion to host the three weeks event which will kick start in three days with an opening match between the host country, Qatar, and Ecuador at the 60,000-capacity Al Bayt Stadium. 

The last world cup which was held in 2018 and hosted by Russia was valued at $11.6 billion. This represents an increase of about 1800%.

Although the host country, Qatar built a new city, new airports, and new stadiums to host the event, observers however opined that the sum expended toward the event is unnecessary and flamboyant.

Ahead of the event, it was learnt that a number of participating countries have arrived in the Middle East country. 

The United States and Australia are the first teams to arrive for this year’s edition of the FIFA world cup. 

It could be noted that Qatar is the first country in the middle east to host the world cup event while it is the smallest country so far to ever host the world football event. 

Meanwhile, to host a hitch-free event, Qatar has partnered with some countries to ensure utmost security at the sporting event which is expected to attract about 1.6 million visitors. 

Thirteen countries, including the U.S., UK, Turkey, France, Germany, and Pakistan, are sending security personnel to Qatar to bolster security at the World Cup tournament.

The United Kingdom has pledged to send its Royal Navy and Royal Air Force to help secure the sea and air bases during the World Cup. 

Pakistan has sent 500 armed soldiers, Turkey is sending 3,000 riot police officers while the United States Forces have also landed in Doha ahead of the opening event on Sunday. 

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Sport Business

Tobi Amusan Makes Top Five Women’s World Athletics, Inches Closer to a Multi-Million Naira Award

The winner which will be announced in early December will go home with a multi-million naira award among other benefits.

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Tobi Amusan

World record holder Tobi Amusan has been named as one of the five finalists for 2022 Women’s Athletics of the Year.

The winner which will be announced in early December will go home with a multi-million naira award among other benefits.

The list which was released yesterday has other notable athletes which include Shelly-Ann Fraser- Pryce (Jamaica ), Kimberly Garcia (Peru), Sydney McLaughlin (United States of America), and Yulimar Rojas (Venezuela). 

Investors King could recall that in September 2022, Tobi Amusan set a new world record of 12.12s in the 100m hurdles at the World Athletics Championships, in Oregon, United States. 

Tobi Amusan will be the first Nigerian and African to be nominated in the top five finalist list. If she emerged victorious, the 25-year-old will subsequently be the first Nigeria and African to be so honoured in the world of women’s athletics 

Meanwhile, according to the organiser, the World Athletics, the finalists were determined through a three-way voting process involving fans on social media, World Athletics Council, and the World Athletics Family. 

A statement posted on the Twitter page of the World Athletic read: “The five athletes, who represent five countries from three area associations, have achieved sensational performances across a range of athletics disciplines in 2022”.

Tobi Amusan has displayed outstanding performances at different occasions which include the Commonwealth Games, the Diamond League, and the World Athletics Championships in 2022.

Investors King learnt that several sport enthusiasts and observers believe she is a favourite for the 2022 women’s world athlete of the year. 

She has been honoured and celebrated across the country including a national honour of the Order Of Niger (OON). 

Born and raised in Ogun State, Tobi Amusan became the first Nigerian athlete to win a Diamond League title as she took the 100 m hurdles trophy in 2021, breaking the then-African record held by Glory Alozie. 

She later defended the title in 2022 before setting a world record of 12.12s in the 100m hurdles at the World Athletics Championships.

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