Hello, friends! FIFA World Cup is among the biggest sports tournaments in the world. The 2018 World Cup held in Russia was watched by about 3.5 billion viewers, as reported by FIFA, either on TV or on digital platforms. Friends, can you imagine half the people living on Earth watched a single sporting event? This year too, FIFA World Cup's matches are watched by a record number of viewers. But have you ever wondered how the business model of FIFA works? How does FIFA, as an agency, generate revenues? And why do countries all around the world want to organize the World Cup? Come, let's understand this in today's video. "Qatar!" "There are 32 teams in the 22nd World Cup being held in Qatar." "FIFA says alcohol sales have been banned." "The decision is clear." "I think personally, for 3 hours a day if you cannot drink a beer, you will survive." "The most deadly Middle-East construction project." "Qatar's treatment of the LGBTQ+ community." "FIFA is under fire." FIFA stands for Fédération Internationale de Football Association. This is a French phrase, and since I don't speak French, I might not pronounce it properly, but in English, it translates to International Federation of Association Football. It was founded in 1904 by Robert Guérin. He brought together the representatives of seven member countries who met in Paris and signed the FIFA Foundation Act. He was the first President of FIFA after its establishment. Fast forwarding 118 years, 211 teams are affiliated with FIFA. Interestingly, these teams do not necessarily represent countries. Some of these teams represent certain territories of some nations, such as Macao and US Virgin Islands. They have a team in FIFA, but they aren't independent countries. These teams are divided into 6 broader confederations. There's a confederation of FIFA on each...
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