When Brazil held the 2014 World Cup last summer, a portion of the host stadiums was still undergoing construction.
The BBC reported that two of these venues, Itaquerao Stadium in Sao Paulo and the Arena da Baixada in Curitiba, had finally been completed almost a year following the recognized tournament’s conclusion.
Itaquerao Stadium hosted Brazil’s first match of the Cup, which ended in a 3-0 win against group member Croatia. Currently, Brazilian team Corinthians owns the venue, and despite of its pricy $450 million building tag, little revenue for the club has actually been produced.
Arena da Baixada in Curitiba, home of another Brazilian team, Atletico Paranaense, also hasn’t lived up to the expectations for financial return. Flamengo, a popular side in the South American country, can’t reeling in sufficient the income from supporters attending the match.
Roughly $3 billions dollars was spent on 12 high-caliber stadiums slated for use at the World Cup, and citizens of Brazil accused their government of neglecting the real social and economic disturbances at hand.
Although the present is grim, methods for the betterment of these stadiums should surface with time.
”There are a lot of ways to make money from these stadiums, but you have to work hard to make it happen, it’s not automatic,” sports marketing specialist Joao Henrique Areias told the Associated Press. ”The way things are now, you can’t expect Brazil to profit from them. And we all know who is going to continue to pay for this bill, it’s the taxpayer.”