A new book is out, written by investigative journalists from South Africa and Britain, looking into the financial and political maneuvers that it took to put together the World Cup this summer… and it’s every bit as bad as you would expect.
The book points to stadia built with no competitive bidding, extortion, bribes and FIFA strong-arming of authorities in Cape Town and beyond. The New York Times says “The estimated taxpayer bill for stadiums, rail links and other projects has risen to approximately $2.4 billion from $310 million.” Meanwhile, FIFA stands to generate income of $3.2 billion to $4 billion from the 2010 World Cup.
Seems like a fair result for a country that still has trouble providing running water and electricity in some areas.
The book concludes: “Power is disproportionately allocated in favor of FIFA and corporate entities to the detriment of the host governments and their citizens.”
Well, that just about sums it up, doesn’t it?