Why it may not pay off to host the World Cup

Nov. 20 is the opening day of the much-anticipated 2022 FIFA World Cup in Qatar. The Persian Gulf country is estimated to have spent roughly $229 billion on hosting the global soccer event, making it the most expensive ever. The hope is that in return the tournament will attract tourism, foreign trade, jobs and new development. But experts say the short- and long-term economic impact can pale in comparison to what the country ends up spending to host the sports extravaganza.