English bid pledges big profits at 2018 World Cup
Posted Wednesday, October 06, 2010 by YAHOO Sport
LONDON (AP)—England’s World Cup bid team predicts a $240 million profit will be made if it stages the event in 2018.
The estimate is based on ticket revenue of $897 million for the World Cup and Confederations Cup in 2017 against the expected $657 million cost of staging the tournament. It does not include revenues from sponsorship and broadcasting rights, which are sold by FIFA.
Also among 18 commitments released Wednesday, England pledges to give fans free transport on match days.
England 2018 has also met its one outstanding commitment from the FIFA inspection visit in August by contracting a minimum of 60,000 hotel rooms.
FIFA votes on the hosts of the 2018 and 2022 World Cups in December. England is focused on 2018, but is still in both races.
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