Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World 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
Profits top $631 million over last four years
March 4th, 2011 12:10AM

MOST READ
TAGS:  fifa, soccer business, television

MOST COMMENTED

[FIFA] FIFA President Sepp Blatter described himself as "the happiest man today'' in announcing his organization's financials for the 2007-10 cycle: a profit of $631 million on income of $4.19 billion.

"The World Cup in South Africa was a huge, huge financial success, for Africa, for South Africa and for FIFA,'' Blatter said.

FIFA's profit in 2010 alone was $202 million, largely from the World Cup.

The profit of $663 gives FIFA reserves of $1.28 billion. FIFA self-insures itself. It relies on putting money aside in case of a catastrophic event rather obtaining insurance.

FIFA was in such a strong position it could allocate $550,000 to each of its member associations and $5 million to each association, not to mention $100 million for South African soccer and community programs.

Over the next four years, FIFA will increase its spending on development programs from $691 million to $800 million.

It has already seen a 90 percent increase in media rights fees for the 2018 and 2022 World Cups over the 2010 and 2014 tournaments in the Asian and South American countries where deals have already been concluded.



No comments yet.

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




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
USL: Richmond and Louisville remain unbeaten    
Richmond and Louisville City both remained unbeaten with shutout wins on Saturday. The Kickers defeated FC ...
NWSL: Press makes it four goals in two games    
Abby Wambach is sitting out the season. Alex Morgan has yet to play as she rests ...
NASL: Sellouts and Tsiskaridze bomb highlight weekend play    
There were sellouts at Indy Eleven (10,524), Minnesota United (9,233) and Atlanta (5,511) for a trio ...
MLS Week 8: Fireworks break out on Saturday    
MLS went into Saturday averaging just 2.15 goals a game, but the four games produced 20 ...
What They're Saying: Sunil Gulati    
"I don't know what Don was asked specifically, but frankly, I wouldn't have said some of ...
Guzan howler costs Aston Villa against Man City    
Brad Guzan gifted Manchester City a goal in the third minute when he mis-hit a pass ...
MLS Week 8: Blunder extends NYCFC's doldrums    
Ghanaian international David Accam took advantage of a blunder by stand-in New York City FC keeper ...
What They're Saying: Bob Lilley    
"Rochester was ahead of the curve in the late 1990s and the rest of the country ...
SoccerGrlProbs takes first in venture tournament    
SoccerGrlProbs, started by a trio of Fairfield University's women's player, took first place in the for-profit ...
Garber vs. Klinsmann, different timetables and goals    
Speaking at the annual Associated Press Sports Editors talk, MLS commissioner Don Garber pressed his case ...
>> Soccer America Daily Archives