U-20 World Cup loses $2 million
Despite the fact that it broke attendance records, the CBC is reporting that this years U20 World Cup lost almost $2 million dollars, which seems astounding to me.
Unexpected costs, such as the reinstallation of new turf at Olympic Stadium in Montreal, extra security (especially in Toronto) and other unexpected upgrades (such as television lighting) were the main causes for the losses.
I’m sure the delegation from Chile appreciated the extra security.
The positives are that the U20 World Cup has left a legacy here in Canada.
the tournament contributed about $114 million to the GDP and generated an estimated $259.02 million in economic activity throughout the four host provinces. As well, 1,700 jobs were created for the tournament.
And 1,156,187 fans did attend, making it the most popular U20 World Cup in the history of the event.
