Here's How Big of a Deal the World Cup Is to Qatar

No wonder the stock market has been falling

The Khalifa International Stadium, one of the venues of the 2022 FIFA World Cup, in Doha.

Source: Supreme Committee for Delivery & Legacy via Bloomberg
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Qatar's stock exchange has fallen more than four percent in the last two days, since the arrest of nine top officials at soccer's global governing body on Wednesday morning. The criminal charges are just one part of a wide-ranging corruption probe at FIFA, that includes a Swiss investigation into bribery related to the awarding of the 2018 and 2022 World Cups, the latter of which will be hosted in Qatar.

Although FIFA insists the Qatari tournament will go on as planned, their bid to host the games is under new scrutiny and there are already calls for a revote in order to select a new host for the 2018 and 2022 Cups. If the scandal should spread to reach as high as FIFA president Sepp Blatter (who faces a re-election to that post on Friday) the possibility of a new vote grows larger. A re-vote would almost certainly result in the Cup being moved to another country.