London ‘to lose £1b’ if England’s ’18 WC bid fails
LONDON: London could lose out on £1bn in revenue if England fails in its bid to host the 2018 World Cup, the mayor's policy adviser Neale Coleman has said.
Mr Coleman said the capital would be a key beneficiary in a successful bid as it would host crucial games during the tournament.
He is flying to Zurich on Wednesday with Mayor Boris Johnson ahead of the bid announcement by FIFA on Thursday. Mr Coleman said the bid decision was "still too close to call".
He said: "Economists who worked on England's 2018 bid have calculated a total economic benefit to the country of more than £3bn through increased tourism and investment. "A third of that would directly be felt in London - it would have a positive economic impact." Mr Coleman, who is part of London United, the capital's element of the national bid, said the city's main stadium offer would be Wembley which would host the opening ceremony, the first match and the final. Three other London stadiums are in the bid: Arsenal's Emirates stadium, the Olympic Stadium at Stratford and a new stadium at White Hart Lane, should the plan by Tottenham Hotspur go ahead. -Ap