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Developing Countries: Hosting International Sporting Events 2nd Part

05/05/10

Permalink 10:36:19 pm, by amilnal
Categories: Sports, Business, Commentary

Developing Countries: Hosting International Sporting Events 2nd Part

On the cost side, FIFA (Federation Internationale de Football Association)requires that the World Cup host country provide at least 8, and preferably 10, modern stadiums capable of seating 40,000 to 60,000 specators. For the jointly hosted 2002 World Cup in Japan and South Korea, each country offered to provide 10 separate stadiums. As neither country had a large existing infrastructure for football, South Korea built ten new stadiums at a cost of nearly $2 billion, and Japan built 7 new stadiums and refurbished 3 others of at least $4 billion. According to Executive Director of the Cricket World Cup, Ali Bacher, R500 million, South African currency, (US$66,719,578.89) was spent to bring the 2003 edition to South Africa while the upcoming FIFA World Cup in that country dwarfs that figure by some margin with the South African government spending over US$6 billion on stadiums, roads, airports and other projects.

When our region the Caribbean was about to host the Cricket World Cup in 2007. The Jamaican Minister of Finance, at the time, Omar Davies disclosed that the Caribbean Community (Caricom) heads of government decided to host the event because of the additional benefits expected to come to the region and not in terms of straight economic and financial analysis. He even quoted potential losses in the region of US$95 million, with the Jamaican government spending US$105 million and only expecting to earn US$10 million in revenue from the event. I don't know about you but I feel that this kind of financial hit for a third world country's economy, like Jamaica's, would be devastating. Numerous sectors of government will have to be neglected and the people of the country will continue to suffer in the form of increased taxes for years to come in order to help balance the budget. Three years on from the event and you see exactly what this commentator was afraid of. What benefits could you honestly say that Jamaica and her people got from the event? Forunately next week I will put forth the speculated benefits and allow you to decide if actually hosting a name tournament actually helps the conutry or countries it is staged in in the long run.

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The Small Sandal Shop

A married couple was on holiday in Jamaica. They were touring around the marketplace looking at the goods when they passed this small sandal shop.

From inside they heard the shopkeeper with a Jamaican accent say, "You!

Foreigners! Come in, come into my humble shop."

So the married couple walked in.

The Jamaican said to them, "I have some special sandals I think you would be interested in. They make you wild at sex."

Well, the wife was really interested in buying the sandals after what the man claimed, but her husband felt he really didn't need them, being the sex god he was.

The husband asked the man, "How could sandals make you into a sex freak?"

The Jamaican replied, "Just try them on."

Well, the husband, after some badgering from his wife, finally gave in, and tried them on. As soon as he slipped them onto his feet, he got this wild look in his eyes, something his wife hadn't seen in many years!

In the blink of an eye, the husband grabbed the Jamaican, bent him

violently over a table, yanked down his pants, ripped down his own pants,and grabbed a firm hold of the Jamaican's hips.

The Jamaican then began screaming; "YOU GOT THEM ON THE WRONG FEET!!!"

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