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
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
What They're Saying: Greg Maas    
"I'll tell you straightaway, it was a dream come true." -- Utah Valley men's coach Greg ...
Who laughs last after transfer deadline?    
[SOCIAL MEDIA ROUNDUP] As the transfer deadline came and went, hundreds of millions changed hands, players ...
Soccer America Power Rankings    
[MLS: Week 25] FC Dallas held the top spot despite its unbeaten streak ending at 10 ...
Charlotte's playoff hopes dented with draw    
[USL PRO: Week 25] The Charlotte Eagles didn't do its playoff hopes any good as it ...
Defoe will stay at Toronto FC    
[MLS SPOTLIGHT] So much for those stories of Jermain Defoe leaving Toronto FC. Monday's transfer deadline ...
A 'no-look' finish from Brazilian in Bundesliga    
[VIDEO PICK: Golazo] Hoffenheim's Roberto Firmino had a splendid first touch to settle a chipped through ...
What They're Saying: Javier Hernandez    
"To wear this jersey is a dream come true for any player in the world. Everyone ...
HSV's Beiersdorfer: Green and Holtby are 'great players'    
[AMERICANS ABROAD] Julian Green is officially a member of German Bundesliga club Hamburg, completing the move ...
Five MLS players are called up    
[CENTRAL AMERICAN CUP] Thirteen players based in U.S. leagues -- five in MLS, six in the ...
Three big storylines to follow in Czech Republic-USA    
[CZECH REPUBLIC-USA] Jurgen Klinsmann will send out the youngest team of his tenure as U.S. national ...
>> Soccer America Daily Archives