The International Federation of Association Football (FIFA) had a tumultuous year in 2015. When indicting FIFA officials, US federal prosecutors revealed charges of wire fraud, racketeering, bribery and money laundering. In his reform proposal, sports economist Stefan Szymanski compellingly argues for separating FIFA and the World Cup and listing “World Cup Inc.” on the stock exchange. getAbstract recommends this report to soccer fans and transparency enthusiasts interested in tactics for fighting corruption in governing organizations.
In this summary, you will learn
- How maximizing World Cup profits can drive progress in the sport as a whole,
- How separating FIFA and the World Cup could decrease corruption, and
- Why such a split might save rather than ruin the sport.
About the Author
Stefan Szymanski is a sports economist and co-director of the Michigan Center for Sport Management. He is the author of several books, among them Soccernomics and Money & Soccer.