2002 FIFA World Cup FIFA Confederations Cups, its fourth and fifth Confederations Cup appearance in a row. In the third place play-off match against South Korea, Turkey won 3–2, taking third place in only their second ever FIFA World Cup. South Korea and Japan were selected as hosts by FIFA on 31 May 1996. Initially, South Korea, Japan and Mexico presented three rival bids. FIFA officials brokered a united bid between the two Asian countries shortly before the decision was made, and they were chosen unanimously in preference to Mexico. This was the first World Cup to be hosted by more than one country,
Economics of the FIFA World Cup Economics of the FIFA World Cup The FIFA World Cup has a significant impact on the global economy. FIFA, football’s global governing body with 204 member countries, is beginning to view itself as a global "big business". The 1994 World Cup in the United States was hosted in a number of different cities. In Los Angeles, site of the final, there was a total economic profit of 623 million dollars that went directly into the metropolitan economy. To help one better understand this figure, in comparison of that same year the Super Bowl only accounted for 182 million dollars (Nodell).