Request for the guarantees that the UK Government provided to FIFA as part of the bid to host the 2018 football World Cup
- What guarantees has the British government offered FIFA if England’s bid is successful?
- Has the government appraised the costs of meeting its guarantees? If so how much is the budget?
- What are the forecasts for the likely income from the World Cup?
- How has the government loan to the bid team been spent?
The disclosure relates to documents signed by the UK Government as part of England’s bid to host the 2018 football World Cup.
Parts 2, 3 and 4 are answered below.
An aggregation of initial estimates of the cost to the Exchequer of delivering all aspects of the guarantees is that the cost would have been in the region of £250 million. This figure was an early estimate and would have been subject to further confirmation nearer to the event.
Work done for the England 2018 bid company by PwC found that hosting the tournament could have contributed around £2.1 billion to £3.2 billion to the UK economy.
The Government did not provide a loan to the England 2018 bid company.