Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Catherina Gioino

FIFA says 'market rates' explain World Cup prices. Economists say the market was rigged by design

(Credit: Ira L. Black - FIFA/FIFA via Getty Images)

On Monday, New York Gov. Kathy Hochul and Mayor Zohran Mamdani stood in Central Park to announce a free watch party for 50,000 New Yorkers in the park for the World Cup final. The State of New York is spending $6 million so that residents who cannot afford the most-watched sporting event on earth can at least watch it together on the Great Lawn. “In a moment where sports, experiences, and memories have grown increasingly unattainable for working people,” Mamdani said, “we will make this viewing party 100% free.”

Standing nearby was FIFA president Gianni Infantino, who last month defended the exorbitant costs of the world’s most prestigious sporting event and blamed them on “market rates” that apply in the U.S.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.