Close Menu
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur
  • Finance
  • Fund
  • Investment
  • Marketing
  • Stock
  • World
  • Business

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur

    21 Great Business Ideas for Nurse Entrepreneurs

    March 27, 2024

    EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

    March 27, 2024

    Victims of Baltimore bridge collapse include father of three and budding entrepreneur

    March 27, 2024

    Until April 2nd, get great discounts with lifetime access to this stock market app

    March 27, 2024

    Secure and reliable project management support for $25

    March 27, 2024
  • Finance

    Rocket Pharmaceuticals Announces Appointment of Aaron Ondrey as Chief Financial Officer and Additional Updates to Corporate Leadership Team

    March 26, 2024

    Reddit ignites resurgence in meme stocks, further sign of ‘bull market on all fronts’

    March 26, 2024

    Walmart stock plummets, retail giant expected to see further growth

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024
  • Fund

    Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

    March 29, 2024

    Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

    March 29, 2024

    The LDP slush fund scandal: What will make po

    March 29, 2024

    City of San Antonio seeks dismissal of Reproductive Justice Fund lawsuit

    March 29, 2024

    Clashes expected between Biden fundraisers and President Trump during preview visit to New York

    March 29, 2024
  • Investment

    Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

    March 28, 2024

    Recent trends in Kazakhstan’s investment situation

    March 28, 2024

    City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

    March 28, 2024

    OKX Ventures announces strategic investment in MyShell, a pioneer in AI-integrated Web3 technology

    March 28, 2024

    Reform of the EU Foreign Direct Investment Screening Regulation – How might M&A Transactions be impacted? | Mayer Brown

    March 28, 2024
  • Marketing

    Premium hospitality is on fire

    March 27, 2024

    S&P 500 sets record as Wall Street emerges from lull

    March 27, 2024

    DevvStream Announces Multi-Year Agreement to Sell CFR Credits with Major Logistics and Marketing Company

    March 27, 2024

    Global online dating services market by service (casual dating, matchmaking, niche dating), subscription (annual, monthly, quarterly), age group, and gender

    March 27, 2024

    Tower Federal Credit Union Receives Two CUNA Diamond Awards for Creative Excellence in Marketing

    March 27, 2024
  • Stock

    Forget Tesla: We think the ‘Magnificent Seven’ should replace this stock

    March 27, 2024

    Forget about Tesla: One of the unstoppable artificial intelligence (AI) stocks belongs to the ‘Magnificent Seven’ instead

    March 27, 2024

    2 Artificial Intelligence (AI) Stocks with Potential for Parabolic Growth

    March 27, 2024

    Mr. Powell’s comment

    March 27, 2024

    What you need to know about Trump Media’s stock debut

    March 27, 2024
  • World

    Take a look inside the New York Stock Exchange, the world’s largest stock market

    March 26, 2024

    China challenges Biden’s electric vehicle plan at World Trade Organization

    March 26, 2024

    Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

    March 26, 2024

    Amy Brenneman, Raviv Ullman, Jeremy Love, cast and others in ‘Galilee’ world premiere, 34 years old

    March 26, 2024

    These beauty brands are among the most innovative companies in the world

    March 26, 2024
  • Business

    Canadian business leaders say housing should be a top federal budget priority

    March 27, 2024

    The power of mentorship in business

    March 27, 2024

    Los Angeles County business owner forced to pay damages after SWAT raid

    March 27, 2024

    Chinese President Xi meets with foreign business leaders amid economic uncertainty | Business and Economic News

    March 27, 2024

    China’s Xi Jinping meets with US business leaders in Beijing

    March 27, 2024
The Elite TimesThe Elite Times
Home»World»Brazil’s stadium was used more than expected
World

Brazil’s stadium was used more than expected

The Elite Times TeamBy The Elite Times TeamFebruary 2, 2024No Comments6 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

[ad_1]

Across the world of sports, stadiums have become so-called “white elephants” of little or no value to their owners because they are used far less in the sports context than was expected when the stadium was built. The number of stadiums with stadiums is increasing. big sporting event.

South America is no exception, which is why the number of white elephants in sport was expected to increase in Brazil when it was building or renovating 12 soccer stadiums in preparation for the 2014 FIFA World Cup.

In 2012, researchers from the Danish Institute for Sport Research and Play the Game described what they expected to happen to these stadiums after their use as a “challenge to a predictable legacy.”

A study by Danish researchers has found that if nothing is done to strengthen post-use planning for stadiums, the utilization of Brazil’s World Cup stadiums after South America’s mega-sporting event will all be below the international average.

However, new research conducted by the Inteligência Esportiva Research Institute (IPIE) in partnership with Play the Game shows that seven of Brazil’s 12 World Cup stadiums “achieved higher than expected occupancy” in 2012. , concluded that 4 of the stadiums had above-average usage. It was included in the international World Stadium Index produced by Play the Game in 2011.

World Stadium Index: Troubled Legacy

Predictions for the 2012 World Cup Legacy Challenge in Brazil were based on information about World Cup stadiums available at the time. www.worldfootball.net. This information was then used by Play the Game’s World Stadiums, an after-occupation study of 75 venues in 20 countries that were built or underwent extensive renovation prior to hosting a major international or continental sporting event. Compared to Index 2011.

A 2012 study found that while some stadiums had a positive legacy or satisfactory development after hosting major events, many stadiums built or renovated for such events had problems. I concluded that there was a legacy. The majority of stadiums listed in the 2011 World Stadium Index had problems attracting larger crowds, and attendance numbers were generally low.

New study: mixed results in Brazil

This new study repeats the work of Play the Game’s 2012 report, “World Cup Stadiums in Brazil: A Predictable Legacy Challenge,” which found that eight of Brazil’s 12 World Cup stadiums belong to public entities. The authors point out that the results of this study are of public interest.

The results of a new study on the legacy of Brazil’s World Cup stadiums are mixed: on the other hand, the study concludes that the post-occupancy condition of the seven stadiums is better than expected, even taking into account international standards . Meanwhile, a new study also confirms a 2012 prediction for Brazil’s stadiums to potentially rank lower in the World Stadium Index.

A limitation of the new study is the lack of data on parts of Brazil’s World Cup stadiums during specific seasons. Due to the COVID-19 pandemic, we were unable to include seasons played between 2020 and 2022.

The study also found that the legacy of Brazil World Cup stadiums influences not only how and to what extent the stadium was used in the post-2014 FIFA World Cup season, but also other factors such as the presence of the home club. It is pointed out that it will be done. Elite competitions, scope of community engagement, where infrastructure will be deployed, and more.

The study concludes that the combination of these factors results in large fluctuations in the annual average usage of Brazil World Cup stadiums, leading to problems of economic viability due to the arena’s low profitability.

numerous allegations of fraud

The authors of the new study say that over the years, several academic studies have pointed out that the 2014 FIFA World Cup was the most expensive, with most of its funding coming from public funds in Brazil. Pointed out.

In 2007, the Brazilian Football Federation submitted a proposal to FIFA estimating the cost of the stadium at BRL 1.9 billion. However, the 2022 investigation revealed a series of documents showing completely different amounts after the Games, including a report from the Federal Audit Office that pointed to expenditures in the range of BRL 25.5 billion, while a report from the Ministry of Sports The book clarified as follows: The amount amounted to 27.1 billion Brazilian reals.

According to FIFA’s financial report, the 2011-2014 World Cup cycle held in Brazil also brought in record revenues for the organization of US$5.7 billion, with South Africa ($4.1 billion) and Germany ($2.5 billion). billions of dollars), surpassing previous World Cups.

“These data might not have been an issue if all the promises to the heritage had been fulfilled. However, the allegations of fraud led to action by Brazil’s monitoring and control agencies.” The study states and gives examples as follows:

  • In 2015, federal police launched an operation called “Fair Play” after suspicions of excessive fees at Arena Pernambuco, one of Brazil’s World Cup stadiums.
  • In 2016, the Federal Prosecutor’s Office (MPF) cited corruption in the construction of Rio de Janeiro.
  • In 2017, the Attorney General’s Office forwarded whistleblower testimony from an Odebrecht employee regarding misconduct at half of the tournament’s stadiums.
  • In 2019, the Executive Council for Economic Defense (CADE) initiated a process to investigate cartel formation in the construction of eight arenas.

Cases of corruption, real estate speculation, and urban conservation disputes

In addition to these financial aspects, the new Brazilian study also points out that other studies have questions and gaps related to construction delays and incompleteness, the diversion of funds from health and education, corruption scandals in stadium construction, etc. It is pointed out that it is concluded that.

Several studies have compared the hosting of the FIFA World Cup and other mega sporting events in Brazil over a 21-year period.cent century. His study of the 2007 Pan American Games, which was considered a test event for future mega-events, found that some of the goals set before the games were not achieved.

Issues related to the removal of socially vulnerable communities, the concentration of facilities in specific areas of cities, real estate speculation, and urban conservation disputes are also attracting attention in Brazilian academia.

“All these factors can be considered as contributing to the negative legacy of mega-sporting events in Brazil, and these issues can be identified and thus avoided by subsequent mega-event organizers. expected,” one study concluded.

New research into the legacy of Brazil’s 2014 FIFA World Cup stadiums will be presented in detail at the Play the Game conference in Trondheim, Norway, February 4-7, 2024.

[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleApple’s profits exceed expectations due to strong iPhone performance, but sales in China slow
Next Article Three key areas where business leaders can leverage generated AI to manage people and information
The Elite Times Team
  • Website

Related Posts

Take a look inside the New York Stock Exchange, the world’s largest stock market

March 26, 2024

China challenges Biden’s electric vehicle plan at World Trade Organization

March 26, 2024

Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

March 26, 2024
Leave A Reply Cancel Reply

Demo
Latest Posts

21 Great Business Ideas for Nurse Entrepreneurs

March 27, 2024

EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

March 27, 2024

Victims of Baltimore bridge collapse include father of three and budding entrepreneur

March 27, 2024

Until April 2nd, get great discounts with lifetime access to this stock market app

March 27, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

Boeing’s problems may soon become your problems

By The Elite Times TeamMarch 15, 2024

[ad_1] Lindsay Wasson/Reuters/File Aerial photo shows an unpainted Boeing 737 MAX aircraft parked at Renton…

HABCO Committee considers revocation of business license and appeal of annexation

March 16, 2024

Meta, Boeing and GE Vernova join US business delegation to Vietnam this week

March 18, 2024

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
About Us
About Us

Welcome to [Your Website Name], your go-to source for comprehensive information on funds, investments, and the latest in stock news. We are dedicated to providing you with accurate, insightful, and up-to-date content to empower your financial decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Most Popular

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Teenage Girl Finds Mom’s Debit Card, Spends $64,000 on Mobile Games

January 9, 2020

Apple’s Beats Studio Pro Headphones Listed in FCC Database Ahead of Launch

January 10, 2020
© 2025 theelitetimes. Designed by theelitetimes.
  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.