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
Governing body rakes in the dough
March 19th, 2010 11:47PM

MOST READ
TAGS:  fifa, olympics, world cup

MOST COMMENTED

[FIFA] How rich is FIFA? Despite a worldwide recession, soccer's international governing body made a profit of $196 million on revenues of $1.059 billion in 2009 and increased its reserves to more than $1 billion. FIFA made so much money it will distribute some of it to its confederations ($2.5 million apiece) and national federations ($250,000 each).

“It is a gift,” FIFA president Sepp Blatter said. “$56 million that we give back to shareholders, if we can say this.”

FIFA also created funds to help for Haiti ($3 million) and Chile ($1.2 million), both hit hard by devastating earthquakes this year.

The reserves are the money FIFA has set aside to self-insure itself.

The release of FIFA's finances coincided with the meeting its executive committee. Among the executive committee's actions:

-- Decided to modify its yellow card rule at the 2010 World Cup. Cards will carry over to the round of 16 and quarterfinals and not the semifinals, meaning that no player who reaches the semifinals will be ineligible for the final because of yellow card accumulation. The bad news: players will carry their yellow cards for two more games. At recent World Cups, yellow cards were expunged after group play.

-- Rejected a measure introduced by Asian confederation president Mohamed bin Hammam to put an eight-year limit on future presidential terms. (The vote was seen as a test of opposition to Blatter. Bin Hammam or another Asian is expected to make a run at the FIFA presidency in 2011.)

— Proposed that the existing player eligibility rules for Olympic tournaments be maintained beyond the 2012 London Games. (The tournament is an under-23 event at which teams are allowed to select three players older than 23.)



No comments yet.

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




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
Tab Ramos: U.S. Soccer values Hugo Perez     
[U.S. SOCCER] Tab Ramos, U.S. Soccer's Youth Technical Director, said that the Federation's decision to end ...
Klinsmann calls in five new players    
[USA MEN] U.S. natonal team coach Jurgen Klinsmann named his 22-player squad for Wednesday's match against ...
Hernandez's first Monterrey goal is Copa MX winner    
[AMERICANS ABOARD] Monterrey striker Alonso Hernandez, a late addition to the 2013 U.S. U-20 World Cup ...
Donovan shines as Galaxy romps    
[MLS: Week 25] Outplayed from the opening kickoff, D.C. United crumbled under a constant onslaught and ...
Landon's 141st: from the penalty spot    
[VIDEO PICK: Donovan Scoring Record] Landon Donovan added to his all-time MLS scoring record with a ...
Concacaf Champions League scoreboard    
[WEEK 3: Wednesday] Leon, the 2014 Mexican Clausura champion, needed a goal from Mauro Boselli in ...
Moti's exploits propel Ludogorets into group stage    
[UEFA CHAMPIONS LEAGUE] Romanian defender Cosmin Moti got his 15 minutes of fame -- and a ...
NWSL's Year 2 attendance drops 3 percent    
[CROWD COUNT] NWSL attendance dropped from 4,270 fans a game in 2013 to 4,139 fans in ...
The 2015 season lengthened, games reduced    
[NWSL] The NWSL will reduce its 2015 regular-season schedule by four games to 20 games and ...
What They're Saying: AJ DeLaGarza    
"It's important for me to help other families who are in need more than I am. ...
>> Soccer America Daily Archives