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
MLS Power Rankings: Gritty FC Dallas tie keeps it on top    
Down to 10 men early in the game, FC Dallas held out for a 0-0 tie ...
U-17 striker Haji Wright joins New York Cosmos    
The NASL's New York Cosmos have signed 17-year-old Southern California product Haji Wright, who started at ...
What They're Saying: CMN Sports    
"As an organization, CMN Sports takes pride in providing some of the most exhilarating soccer matches ...
Road to Russia: Belize survives Caymans' scare    
Belize, Nicaragua, Bermuda and Dominica wrapped up series victories in the first round of World Cup ...
Video Pick: A 60-yard goal from young Belgian     
Marco Weymans, a 17-year-old Belgian who plays for Dutch club PSV, scored from his own half ...
Europe in a Nutshell: Big week for the British Isles     
An international break for Euro 2016 qualifying in the pursuit of Paris: Reviewing an interesting week ...
Freddie Adu signs with Finnish club KuPS    
Freddy Adu has signed a one-year contract with Finnish club KuPS, the 11th club in 12 ...
Morris replace Johannsson on U.S. roster    
The second forward is the snake-bitten position on the U.S. national team's trip to Europe. After ...
MLS Week 4: Results & Standings    
Real Salt Lake remained one of four unbeaten teams in MLS when it beat Toronto FC, ...
USL Week 2: Results & Standings    
The new Roughnecks celebrated the return of pro soccer to Tulsa a sellout crowd of 8,335 ...
>> Soccer America Daily Archives