Latin America

South American World Cup bid may be a poison chalice

Argentina, Uruguay, Chile, and Paraguay have launched a joint bid to host the World Cup in 2030. But, if they win, would they be able to afford it?

world cup Montevideo's Estadio Centenario hosted the 1930 World Cup final. But hosting the 2030 final might be a tall order. Photo: Shutterstock
Montevideo’s Estadio Centenario hosted the 1930 World Cup final. But hosting the 2030 final might be a tall order. Photo: Shutterstock

In the last decade or so, multiple studies have flagged that the economic benefits countries get from hosting major sporting events such as the Olympics or the World Cup are marginal at best. In fact, they usually end up losing money. 

Brazil is testament to this. It broke the bank to host the 2014 World Cup and 2016 Olympic Games — neither of which left the lasting infrastructure legacy citizens were promised. Now, four of its South American neighbors are willing to do the same, despite a number of red flags.

Argentina, Uruguay, Chile, and Paraguay launched a joint bid...

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