| ▲ | orangedog 2 hours ago |
| What's new? I thought it has been known as a big-money thing for some time now. |
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| ▲ | jimbokun 2 hours ago | parent | next [-] |
| The new thing is trying to take the organization from a non-profit to a corporation. Mainly so the executives can increase their already large compensation apparently. Interesting parallels to OpenAI. |
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| ▲ | glitchc 2 hours ago | parent | prev | next [-] |
| FIFA made $~15 billion USD this World Cup, roughly double what they made in Qatar in 2022. There are many low-hanging fruit that can be optimized to increase that revenue by 10x. |
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| ▲ | overfeed 2 hours ago | parent | next [-] | | I didn't realize the commercial-block-sized "hydration breaks" were that profitable. For a second, I thought the Americanization[1] of fùtbol would be done gradually and no one would complain as we'd be slowly boiled. I'm glad the corrupt bastards got greedy/impatient and took a big swing. 1. Sports primarily as a business, catering to owners first, sponsors second, broadcasters third, and then lastly, fans. IMO non-profit sports organizations are the best model for fans, who I identify the most with. | | |
| ▲ | glitchc an hour ago | parent [-] | | Per-ticket prices were a big factor too. By turning it into an open bidding process, every ticket sold at close to its market value, and many above that. | | |
| ▲ | skywhopper 19 minutes ago | parent [-] | | And they took a 15% commission on both sides of every aftermarket transaction. I’ve never seen such an overtly avaricious “marketplace”. |
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| ▲ | haunter 2 hours ago | parent | prev | next [-] | | The difference that FIFA ran the whole tournament now. There was no Local Organizing Committee (LOC) like with every single previous event. | |
| ▲ | lossolo an hour ago | parent | prev [-] | | > There are many low-hanging fruit that can be optimized to increase that revenue by 10x. The $15 billion figure is for FIFA's ENTIRE 2023-2026 revenue cycle, so not just this World Cup. But the obvious "low-hanging fruit" was making the tournamenta lot larger (104 matches instead of Qatar's 64), so a lot more tickets, hospitality sales, ads etc Also two 3 minute hydration breaks per match, giving broadcasters additional advertising windows. That's your "optimization". |
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| ▲ | skywhopper 20 minutes ago | parent | prev [-] |
| FIFA has announced they plan to officially sell off everything to private investors, dropping all pretense of being a steward of a common good. |
