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
MLS Trade Central: Orlando signs Colombian Rivas    
Orlando City signed highly regarded young Colombian Carlos Rivas. The 20-year-old midfielder scored 12 goals in ...
U.S. women to play send-off series in May    
U.S. Soccer will hold a send-off series of three matches against three different opponents over three ...
The Good, the Bad and -- FA Cup shockers     
Europe in a nutshell: Paul Pogba, Lionel Messi and Neymarin moving pictures; Lyon sizzling hot in ...
Fire revamps with three new DPs    
The Chicago Fire has added Scottish international Shaun Maloney to the growing list of British players ...
Tab Ramos: 'We were behind the eight ball'    
The USA beat El Salvador, 2-0, on Saturday to qualify for the 2015 U-20 World Cup ...
D.C. United kicks off 2015 with DP upgrade    
Shortly before D.C. United players and coaches headed to Bradenton, Florida, for the first phase of ...
What They're Saying: Antonio Conte    
"What else should he have done? In a few years' time players will be elbowing each ...
What They're Saying: Josh Williams    
"I'm pretty sure he thinks I work at the hotel..." -- New York City FC defender ...
MLS players seek choice from 'league of choice'    
On a scale of 1-10 in terms of free agency, the free-agency rights MLS players enjoy ...
A dream come true    
Taylor Leach, a two-time first-team All-SEC defender at the University of South Carolina, will continue her ...
>> Soccer America Daily Archives