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Is the FIFA World Cup Organization

affected by Owner Financing?

 

STUDENT PAPER

By Léo Peigna

SKEMA Business School

Lille, France

 



ABSTRACT

Since the Qatar bribery accusations, the FIFA Organization has lost in legitimacy and is constantly tackled by both journalists and international regulation comities. The objective of this paper work is to show that not everything is over for the FIFA organization and that some solutions exist to make FIFA great again. To do this, articles helped to underline the ongoing problems inherent to the organization but also understand how the situation degraded itself. Then, after reading and analyzing the articles, a summary was made, and so were links established. Last but not least, ideas and solutions had to be debated and settled precisely. Finally, in order to enhance the thoughts, data had to be found and analyzed. As a solution, opening the organization and bidding process to more people and instituting more details seems to be a viable solution. The organization nowadays remains troubled with bribery and corruption, and leading to a more arbitrary organization would re-brand the FIFA.

Key Words: Owner Financing, World Cup, Corruption, Local Impact, International Impact, Overall Benefits, FIFA

INTRODUCTION

Historically, major international events were hosted by the most powerful countries in the world. These powerful countries were chosen and elected by the 22 FIFA Member Associates, and were to respect some specific rules. These rules can easily be found on the FIFA website, but when it comes to specifics, it is harder to find the detail. Indeed, the archives of the Bidding Processes for the previous FIFA World Cups are impossible to find. There must be a reason for this, and this reason must be that there has been a change of governance and new challenges were to be overcome. Looking at the World Cups of the late 90’s and beginning of the 21st century, one can easily see that the hosting countries were mostly Economically Developed Countries (France, USA, South Korea/Japan, Germany) but nowadays the hosting countries are no longer selected for their economic situation, but seem to be selected for their political and economic influence. Both politics and economy go together and influence one another. This can be seen with the recent accusations against the FIFA for having accepted money coming from rich families in order to facilitate the acceptance of the Bidding Processes to be a host for the World Cup. That is why this topic is an important topic: to what extent does the corruption and Owner Financing affect the soccer universe, and more specifically the 2022 Qatar World Cup?

Hosting a huge event such as a World Cup should be very valuable for the host country. Indeed, not only does it bring many tourists, which brings more income to the state thanks to taxation, but it is also the opportunity for the hosting country to show to what extent the country is becoming a global modern country, and mostly shows its greatness and ability to organize a global event to the world. Nowadays, the countries which are able to host such events see their candidature darkened because of corruption. This is a very recent topic since the Qatar World Cup supposed to be held in 2022 is the most notorious of all. Indeed, the FIFA scandal which occurred in 2015 saw the FBI accuse the Government of Qatar for Bribery and State Corruption.

The point of this document is to show how Owner Financing can influence decisions, impact a country from its politics to its economy. We will try to see the consequences of Owner financing in the 2022 World Cup in Qatar on a political level, on a local level, and on an economical level. The objective of this paper is to try finding a solution so that the FIFA World Cup Institution never suffers from scandals again, and why not access a “participative” model rather than a “democratic” model.

More…

To read entire paper, click here

 

Editor’s note: Student papers are authored by graduate or undergraduate students based on coursework at accredited universities or training programs.  This paper was prepared as a deliverable for the course “International Contract Management” facilitated by Dr Paul D. Giammalvo of PT Mitratata Citragraha, Jakarta, Indonesia as an Adjunct Professor under contract to SKEMA Business School for the program Master of Science in Project and Programme Management and Business Development.  http://www.skema.edu/programmes/masters-of-science. For more information on this global program (Lille and Paris in France; Belo Horizonte in Brazil), contact Dr Paul Gardiner, Global Programme Director [email protected].



About the Author


Léo Peigna

Junior Project Manager
Lille, France

 

 

Léo Peigna is currently a Masters Student at SKEMA Business School on the Lille Campus. This student paper has been produced with the means of getting it published with the PM World Journal, and is part of a key module named “The International Contracts” under the direct supervision of Doctor Paul Giammalvo, the Course Director, and Professor Paul Gardiner, the Program Director. Léo comes from Costa Rica, where he was born in 1995, and has been living in France since the age of 5. At first, he lived in Biarritz, then moved to Bordeaux in order to attend International Classes.  He obtained his Economic Baccalaureate in 2013 with honors. By 2015, after attending 2 years of Preparatory Classes, he was able to enter SKEMA Business School. Previously, he has served as a Project Manager during an entire year running as Vice-President of the Sports Student Office at SKEMA Business School, and also had a 6 month internship in Paris in 2017 as Junior Project Manager. He is a certified AgilePm Practitioner. Contact him on: [email protected] or [email protected].