News24

Confed Cup price shocker

2009-06-28 14:44

Johannesburg - Corporate suites for the Confederations Cup final at Johannesburg's Ellis Park stadium have gone for 90 times the price of a regular stand ticket, the Sunday Independent reported.

Corporate tickets cost R6 400 compared to R70 for a stand ticket.

Match hospitality said all of Sunday night's corporate seats had been sold and would bring in R27.7 million.

Match's head of marketing told the Sunday Independent it was "confidential" as to how much of the money would stay in South Africa.

Match hospitality, a service provider for corporate hospitality for the Confederations Cup and the 2010 World Cup, did not have any South Africans on its board. Fifa is entitled to 50% of their profits.

Under a Fifa agreement, all suite owners at Ellis Park had to forfeit their leases for the Confederations Cup.

If they chose to buy suite tickets for the games they were apparently not guaranteed their own suites back.

The turnout at corporate suites during the games had been relatively low during the Confederations Cup.

"It's a sign of the times," organising committee CEO Danny Jordaan was reported as saying the morning after the opening game.

Companies can expect to pay up to R11.8m for 2010 World Cup corporate packages and US2010 (R16,000) for single seats for the opening game.

SAPA