Politically we know since the billions South Africa poured into hosting the World Cup were touted as a form of development. The result? The month-long euphoria of the contests was followed by the hangover of dealing with an expensive unused or underused stadium infrastructure scattered across that developing country. (Host countries pay FIFA for the privilege of hosting the competition, then foot the bill for most of the tournament, while FIFA takes most of the revenues.) And in fact this is just one symptom of a corporate takeover of “the beautiful game” that has reached the saturation point.
If you want to read more about "the beautiful game" click here. It is a piece writen by Eduardo Galeano, "The World Cup and the Corporatization of Soccer" hosted on one of my famous sources for information TomDispatch.com