Soccer in the USA - Research Paper Example

It is imperative that before the awarding of the FIFA Soccer World Cup hosting rights to Russian and Qatar for the 2018 and the 2018 edition rights, the United States had itself made its bid be known. In framing its bids, the US bid committee envisaged that the host cities for the world cup will benefit immensely in its socio-economic sectors. However, from previous debate and research of hosting of world cup in other areas, it has been proven that the impacts may be myriad depending on the circumstances.

This means that, while other countries and cities have successfully hosted the FIFA Soccer World Cup and reaped the benefits of hosting it, others have miserably failed to realize any benefits. For instance, while it was believed that the World Cup 1994 hosted by the United States would bring massive economic and social benefits to host cities; analysis after the tournament was quite the contrary. After this particular tournament, the average city had reduced income as compared to the predictions of the benefits as opposed to what had been predicted.

Just like hosting any other major event like Olympics, most bids to host the FIFA Soccer World Cup are made with economic benefits as the most desired results. However, from the onset, it is important to note that the computation of the economic impacts of these events rarely factor in the costs of putting up the venues for hosting the events. While the United States bid to hosts either the 2018 or the 2012 World Cup was mainly hinged on the fact that the nation would reap about US $ 5 billion in economic benefits, the results from other countries which have hosted such tournaments present a different picture.

This is because in some of these nations that have hosted the Soccer World Cup such as more recently in South Africa 2010, hosting the event can have serious consequences on the public finances of these host cities. In South