Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
FIFA Posts Profit Despite MasterCard Payout
Reuters, May 30th, 2008 2PM

MOST READ

MOST COMMENTED

FIFA announced a profit of $49 million for 2007 at its annual congress, despite having to pay former sponsor MasterCard an astronomical $90 million as part of a legal settlement.
 
As an existing sponsor, MasterCard had had first refusal on the sponsorship rights to the 2010 and 2014 World Cups. When FIFA went ahead and struck a deal with rival Visa International, MasterCard sued FIFA in a New York court. The soccer body reached the settlement with MasterCard before the case was decided.
 
FIFA's Deputy Secretary General Markus Kattner called it "a very positive result," given the circumstances. "Overall, 2007 can be considered very successful," he told the congress. "FIFA is in a sound financial position." Revenue was $882 million, with $833 million in costs. In 2006 revenue was $749 million, against expenses of $500 million.

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Report: Real Beats Barca to Promising Youngster    
Real Madrid has beaten Barcelona to the signing of promising youngster Marco Asensio, in what Spanish ...
Guardiola Hopes Messi Stays at Barca     
Bayern Munich coach Pep Guardiola said he hopes "with all my heart" that Lionel Messi ends ...
Man City, Bayern Fans Persist with UEFA Protest    
PA Sport reports that Manchester City and Bayern Munich will continue their "Respect ... Fans" protest ...
Report: Sony to End FIFA Partnership     
Japanese consumer electronics giant Sony will become the second official FIFA sponsor to decide not to ...
Arsenal Fails to Register Giroud for UCL     
Arsenal striker Olivier Giroud will be forced to sit out the Gunners' crucial UEFA Champions League ...
Koeman: Saints Can Finish Top Four    
Southampton coach Ronald Koeman insists his team can remain in the Premier League's top four following ...
Mourinho Downplays Di Matteo's Chelsea Success     
Jose Mourinho refused to be drawn into a comparison with former Chelsea coach Roberto Di Matteo, ...
Report: Barca's Vermaelen May Need Surgery     
Goal.com reports that Barcelona defender Thomas Vermaelen could require surgery to cure the hamstring injury that ...
Messi's Top Ten Records    
Barcelona striker Lionel Messi, who became La Liga's all-time leading scorer (253 goals) following his hat ...
Rodgers Admits His Future Could be in Doubt     
Brendan Rodgers admitted that he could be fired after Liverpool slumped to a fourth successive defeat ...
>> Section 2 Around the Net Archives