2018 and 2022 FIFA World Cup voting breakdown

2018 and 2022 FIFA World Cup voting breakdown

December 2, FIFA awarded 2018 World Cup to Russia over England, Spain/Portugal, and Belgium/Netherlands and 2022 World Cup to Qatar, eliminating USA, Japan, South Korea, and Australia. FIFA president Sepp Blatter made the announcement in Zurich, Switzerland. Read analysis of the controversial decisions here.

FIFA Executive Committee voting results

22 members of the FIFA Executive Committee were entitled to vote. Twelve votes were needed for an absolute majority and the right to host the World Cup.

2018 FIFA World Cup

Round 1: England 2 votes, Netherlands/Belgium 4 votes, Spain/Portugal 7 votes and Russia 9 votes (as no absolute majority was reached, the candidate with least amount of votes, England, was eliminated)

Round 2: Netherlands/Belgium 2 votes, Spain/Portugal 7 votes and Russia 13 votes (Russia obtained an absolute majority)

2022 FIFA World Cup

Round 1: Australia 1 vote, Japan 3 votes, Korea Republic 4 votes, Qatar 11 votes, USA 3 votes (Australia eliminated)

Round 2: Japan 2 votes, Korea Republic 5 votes, Qatar 10 votes and USA 5 votes (Japan eliminated)

Round 3: Korea Republic 5 votes, Qatar 11 votes, USA 6 votes (Korea Republic eliminated)

Round 4: Qatar 14 votes and USA 8 votes (Qatar obtained an absolute majority)

The FIFA Executive Committee Voting Process

The 2018 vote will take place first, then 2022. The vote is by secret ballot and all eligible members of the FIFA Executive Committee can vote in both ballots.

To win the right to host the competition, a bidder must obtain an absolute majority (50% + 1) of the votes of the FIFA Executive Committee members present.

In the event of a tie when only two bidders remain, the FIFA President will have the casting vote.

For any voting round in which an absolute majority is not achieved, the bidder with the lowest number of votes will not progress to the next voting round.

If there is a tie for the lowest number of votes in any round, an intermediate voting round will be conducted to determine which of the tied bidders does not progress.

Corinthians wins FIFA Clubs World Cup

Corinthians wins FIFA Clubs World Cup

A goal by Peruvian Paolo Guerrero was enough for SC Corinthians Paulista to win their second FIFA Clubs World Cup championship at the Yokohama International stadium, Japan. Corinthians defeated Chelsea FC 1 0 in an action packed game.

Guerrero put the ball in the net for his second goal of the tournament. Chelsea’s Gary Cahill was sent off in the 89th minute of play for a rough challenge.

There was no real dominance in the first half as both teams tried to impose their style of play on the pitch. The English put up a tough defense against a Corinthians team that was searching from all directions to get on the board. Brazilian David Luiz was sure on defense for Chelsea keeping fellow countryman Emerson from committing any dangerous moves against the blues.

Emerson was close in the 29th minute when he fired from outside the penalty area. The ball hit defender Gary Cahill but it went over the crossbar. This was the closest the Brazilians came to breaking the net.

Victor Moses had the best shot for the English Premier League side. The Nigerian footballer shot from outside the penalty area on the near field. The ball travelled to the far post, but goalkeeper Cassio dove and sent the ball out to a corner kick.

Spaniard Juan Mata also had a good opportunity as the first half came to a close. He fired a rocket from outside the area but Cassio was aware of the play and caught the ball. The game went to break with a scoreless draw.

The second half began with both teams looking to get on the board. Chelsea increased their attack, but the Corinthian defense was on mark to keep Rafa Benitez’ team from scoring.

Eden Hazard had a good shot at putting the blues on the board in the 54th. The Belgian took the ball into the area with a marker close behind him. He fired but Cassio slid and cleared the ball.

The Paulistas slowly began to take control of the game as time moved. They pulled out the Brazilian magic with the jogo bonito. The English began to make mistakes and give up possession. It was a matter of time before the Brazilians were able to break the net.

The Brazilians began a combination of plays in the 69th minute that took the Chelsea defense off their game. With short passes between several players Danilo shot inside the penalty area. A defender slid to block the ball before goalkeeper Petr Cech could intercept. The ball bounced off his leg. Guerrero was in place to head the ball over the three Chelsea players that were guarding the line. The Peruvian footballer scored his second goal of the tournament.

In the 85th Chelsea had a golden opportunity to close the gap and force overtime. Fernando Torres recovered a loose ball in front of goal. The Spaniard shot a point blank range, but Cassio denied the UEFA champions the opportunity to get on the board.

The referee sent defender Cahill off the pitch with a straight red card for a hard challenge on Emerson leaving the blues a man down.

Torres shocked the Corinthians fans in the 90 +2 when he headed the ball past Cassio. However, the Spaniard was inches offside when the play began and the linesman raised his flag to annul the goal.

The Brazilians held the English powerhouse to take the game. Corinthians wins their second FIFA Clubs World Cup championship. Their first was in the inaugural games in Brazil 2000.

Nike Still Has More To Offer Its Shareholders

Nike Still Has More To Offer Its Shareholders

Nike Inc. (NKE) is the world’s leading designer, marketer and distributor of athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. As the world’s leading athletic apparel innovator the company’s stock has increased by more than 45 percent over the past year and approximately 238 percent over the past five years. The company has still managed to maintain its leading position and released its third quarter earnings on March 20th showing that it beat analysts’ estimates. The emphasis of this report is on the recent performance of the company and the future growth prospective of the company to decide whether or not the company retains its leading position in the future.

Nike Grew Globally in Recent QuarterNike reported its third quarter revenue of $7.0 billion reflecting an increase of 13% from the same quarter in 2012 and beating analysts’ estimate of $6.69 billion. Third quarter earnings per share were $0.76 also beating analysts’ estimates of $0.72 per share. Other indicators were also moving in the right direction as gross margins improved 30 basis points to 44.5%, and future orders increased 14% on a currency neutral basis to $10.9 billion. In addition, Nike repurchased $788 million worth of shares in the quarter helping to reduce the number of shares outstanding.

The increase in revenues was basically driven by Nike’s overall growth in its major regions. Nike brand sales in North America were up 12% to about $1.9 billion, sales in Western Europe were up 22% to about $1.3 billion, sales in Central and Eastern Europe were up 17% to $356 million, sales in China were up 9% to 697 million and sales in emerging markets were up 8% to $937 million. Japan is the only region where Nike sales declined by 9% to $177 million.

Growth Backed by InnovationNike’s growth was fueled by the company’s steadfast focus on bringing innovation to the market. Nike has recently introduced the new standard in performance football boots, the “Magista.” With the radical new silhouette the boot is designed to enhance the player’s fit, touch and traction for a game. The Magista soccer cleat is a big deal for Nike and appears truly capable of changing the way that players play soccer on a professional level and when this occurs on a global stage, like the World Cup, it only reinforces Nike’s dominance in the minds of consumers and strengthens the company’s control of the international market.

2014 World Cup and 2016 Olympics Would Make the Brazilian Unit the Third Largest Market for NikeThe FIFA World Cup is the most watched sporting event in the world. It is expected that billions of people will be watching when the quadrennial world championship of soccer unfolds in June in Brazil. The biggest footwear and apparel brands in the game are already rolling out products and preparing product activation plans for the World Cup. Nike and its close competitors Adidas are both confident that the World Cup’s rising tide will help to increase overall footwear and apparel sales. Nike is set to supply the kits for more teams than Adidas for the first time ever at this year’s World Cup. In addition, Nike’s sponsorship of the host’s national football team alone gives it a massive competitive edge that will be difficult for Adidas to close the gap on.

In the next two years by the time the 2016 Summer Olympics arrive the Brazilian unit will probably represent the third largest market in the world behind the US and China. Nike currently had a 12.1 percent share of the Brazilian market compared to Adidas’ 5.5 percent share and it is estimated that Brazil’s general sportswear market will grow by $1.4 billion, or 12.5 percent, in this year alone.

Capitalize on the Changes in Consumer BehaviorThe impacts of e commerce and increasing advances in technology have created drastic changes in consumer spending habits. Consumers are moving away from physical purchases to various forms of digital spending. To capitalize on this trend Nike has been aggressively building its e commerce business over the years. The segment grew its revenue by 32% and reached at $540 million in fiscal year 2013. It is expected that the company will grow to $2 billion by the end of fiscal year 2017. However, there is still substantial room for growth as e commerce only represents 15% of Nike’s total direct to consumer business. Nike will also begin selling online in Japan and Brazil and that will definitely boost the company’s sales, especially in Brazil where the FIFA World Cup will begin in June.

ConclusionThe company has consistently outperformed and once again beat analysts’ estimates on revenues and earnings per share. Moreover, the FIFA World Cup and Olympics will boost the company’s market share in Brazil and the international market and will ultimately improve the company’s top and bottom lines. The company is also improving the online channel to capture consumer trends in digital spending. Since the company has quite a decent outlook I would recommend buying the stock.

Source: Nike Still Has More To Offer Its Shareholders

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