PanaTimes

Thursday, Mar 23, 2023

Football World Cup eliminations dash small business hopes

Football World Cup eliminations dash small business hopes

From Colombia to Nigeria, traders in football-loving nations are counting the losses of failure to make it to Qatar 2022.

Colombian food vendor William Abella had been counting on the Qatar World Cup 2022 as an opportunity to offset his losses from long COVID-19 lockdowns.

When the national team plays, his small corner shop and snack bar in central Bogota usually turns into a sea of yellow. Football fans wearing the team’s official shirt gather to drink and chat, lifting beer sales by up to 80 percent.

But like many small traders in footballing countries that unexpectedly failed to qualify, his hopes for bumper business from fans cheering on their side have been dashed.

“With Colombia out of the World Cup, I’m expecting my beer sales to decrease by about half,” said 65-year-old Abella.

The World Cup, which kicks off in November, is big business, generating billions of dollars in consumer spending in tourism, food and drink, merchandise and more.

But as businesses across the world gear up to cash in, developing countries known for their football prowess – yet which failed to qualify – are counting their losses.

From street vendors in Colombia to shopkeepers in Algeria and owners of football viewing halls in Nigeria, small businesses and informal workers who rely on cash-in-hand earnings during football matches fear a big decline in income.

In north Bogota, street vendor Roberto Teyes sold and traded stickers for the Panini football album during the last World Cup, hosted by Russia in 2018.

“There’ll be less interest in collecting stickers as the Colombian team won’t be in the album,” said Teyes, adding he earned up to $130 daily in sticker sales. “I’d hoped for a good end to the year. I really needed it after COVID.”

Merchants association Fenalco estimated the team missing out on the World Cup would result in economic losses of about $810m, mainly due to effects on merchandise sellers, bars, cafés, and travel agencies.

“Colombia’s elimination from the World Cup brings serious consequences for the country’s commerce and tourism,” said Fenalco President Jaime Alberto Cabal.

In the 2018 World Cup, when Colombia reached the last-16, Fenalco members reported a nearly 40 percent rise in beer sales, 20 percent in spirits, 19 percent in TV screens and 12 percent in soft drinks.


‘Painful’ loss


In Nigeria, another football-mad nation and home to Africa’s largest population, David Anomweh, who runs a sportswear stall in the commercial capital Lagos, is also in the doldrums.

Much-fancied Nigeria – who have appeared in six of the last seven World Cups – also failed to qualify for Qatar, leaving millions of fans bereft.

The Super Eagles’ shock defeat to staunch rival Ghana not only led to riots by angry fans who stormed the pitch, but has left some businesses and traders reeling.

From shops to cafés, business owners in Lagos had expected to make good profits, and some had already made investments on the presumption the national team would qualify.

“My dad already ordered 50 Nigerian jerseys hoping to begin to sell them if Nigeria qualified,” said Anomweh, manager of Ugo Ways Sports in Lagos’s bustling Yaba market.

“Now Nigerian jerseys in the market are totally useless,” said Anomweh, adding the order had cost 250,000 Naira ($602).

Owners of Nigeria’s popular football viewing halls – large spaces with giant screens where people can pay a fee to watch matches – also complained about revenue losses.

“It’s painful because Nigerians like to watch Nigeria matches compared to club matches,” said Jide Joseph, owner of a hall with a capacity of 80 in Fadeyi, a suburb of Lagos.

Joseph, who has been running the business for 20 years, said he was expecting full capacity for Nigeria games and had expected to earn 10,000 Naira ($23) per match, compared with 700 Naira ($1.7) for other matches.

“Now that Nigeria didn’t qualify, people will not come out to watch other teams. I will not be able to make any money from any match,” he said.

Remi Ugo, owner of the Blue Spot Café, a bar and restaurant in the Shomolu suburb of Lagos, said Nigeria’s failure to qualify would hurt many businesses like his.

“About 80 percent of my customers come here to drink just to watch matches,” he said. “I’m sure people will not turn up much for the World Cup matches.”



Sunk costs


In Egypt, home country of Premier League footballer and national hero Mohamed Salah, fans of the beautiful game gather in coffee shops to watch matches.

Moustafa Mehres, a 36-year-old café owner in an eastern Cairo neighborhood, said his daily sales double when the national team plays.

“Instead of having 20 customers during the whole day, I get 40 customers in just two hours,” he said.

In another part of the capital, in Cairo’s historic el-Gamaliya neighbourhood, clothes-shop owner Waleed el-Kurdi, 30, had hoped for a bonanza fueled by the tournament.

During the Egypt-Senegal qualifiers in March, sales at el-Kurdi’s shop were up by 25 percent as fans snapped up T-shirts of Salah along with scarfs and flags of the national team, which failed to qualify.

“My sales reached about 2,000 Egyptian pounds ($109) during the week of the match alone,” he said.

In the Algerian capital, Algiers, Mohamad Bachouch, 59, faces a similar problem at his small shop after stockpiling Algerian flags, shirts and mugs with the names of national team football players.

“When Algeria got knocked out, tears streamed from my eyes because I knew I had lost a lot,” said Bachouch. “This means I’ll have to keep them until, maybe, the next World Cup.”


Newsletter

Related Articles

PanaTimes
Close
0:00
0:00
Donald Trump arrested – Twitter goes wild with doctored pictures
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
The US government has charged Chinese businessman Guo Wengui with leading a $1 billion fraud scheme that cheated thousands of followers out of their money.
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
Drew Barrymore
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
Lady bites police officer and gets instantly reaction
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Silicon Valley Bank exec was Lehman Brothers CFO
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Senator Tom Cotton: If the Mexican Government Won’t Stop Cartels from Killing Americans, Then U.S. Government Should
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
Givenchy Store in New York Robbed of $50,000 in Merchandise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
Tucker Carlson called Trump a 'demonic force'
Kamala Harris: "The United States has formally determined that Russia has committed crimes against humanity."
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and JD.com, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
This shocking picture, showing how terrible is the results of the earthquake in Turkey
President Joe Biden delivered the 2023 State of the Union Address , in order to help Americans that missed the 2022 speech, do not have internet, and suffer from short memory.
The desk of King Carlos Alberto of Sardinia has many secret compartments
Today's news from Britain - 9th February 2023
China has declined the US's request for Defense Secretary Lloyd Austin to speak with Chinese Defense Minister Wei Fenghe after the US Air Force shot down a suspected Chinese spy balloon, according to the Pentagon
×