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elpescado | 3 years ago

Is "World Cup" public? I assume this is an event organised by private (for-profit) entity (FIFA).

discuss

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Karellen|3 years ago

FIFA is actually registered as a non-profit organisation.

...despite making profits of around $250M/year with cash reserves of over $2.5B.

DocTomoe|3 years ago

See also: Wikipedia Foundation.

BjoernKW|3 years ago

FIFA only nominally is a private, officially non-profit (yet actually very much for-profit), entity.

They're embroiled in politics at the highest level because football / soccer arguably is the world's most popular (spectator) sport, which is something politicians gladly make use of to promote their own agendas and careers.

FIFA World Cups more often than not involve large public infrastructure programs.

FIFA and its high-ranking officials on the other hand profit in various ways, too, from "mere" tax holidays to downright corruption.