The Financial Imperative of FIFA: A Clash of Capitalism and Socialism in the Battle for Football Funding

Australia has made the decision not to bid for the 2034 World Cup, and this has presented an opportunity for Saudi Arabia to potentially host the tournament. However, the real focus should be on the financial challenges that FIFA is currently facing. In order to carry out its operations and fulfill its promises, such as investing in football development and supporting less affluent member associations, FIFA needs money. The Men’s World Cup is FIFA’s main source of income, accounting for 83% of their revenue. Therefore, it is crucial for the tournament to be hosted in countries with large stadiums, affluent fans, and commercial sponsors in order to meet their future revenue goals. This means that North America, Europe, and Asia are the most likely candidates to host future World Cups. Joint bids involving less developed regions may have an appealing charm, but they may not align with FIFA’s financial objectives. The expansion of the World Cup, as well as the growth of the Women’s World Cup and FIFA Club World Cup, are also driven by financial considerations. At the core, the battle for football funding is between club football owned by private individuals and international football managed by non-profit national federations. This clash between capitalism and socialism shapes the distribution of wealth within football. Consequently, fans in less prosperous regions may find themselves watching the World Cup on television instead of experiencing it in person.