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


[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
Lack of playing time worrying for bubble players    
[AMERICANS ABROAD] With only four weeks at most for most players before the end of their ...
Three games to watch    
[MLS: Week 7] Real Salt Lake and Portland face off for the first time since meeting ...
Ref thwarts hidden ball trick    
[VIDEO PICK: Off the Post] Norwegian midfielder Jan Gunnar Solli of Swedish club Hammarby tucked the ...
What They're Saying    
"This is going to be the foundation of the World Cup. It's a dry climate. It's ...
Howard's extension 'incredible moment' for Everton    
[AMERICANS ABROAD] Everton has signed U.S. national team goalkeeper Tim Howard to a two-year extension that ...
NYCFC affiliates with eight New York area youth clubs    
[MLS 2015] MLS expansion club New York City FC (which will announce on Monday plans to ...
What They're Saying    
"You should never underestimate the allure of daytime drinking. If you're in a bar at 7 ...
Injured World Cup hopefuls set to contribute    
[MLS: The USA 20] There is good news on the U.S. national team front regarding MLS ...
De Grandpre returns to Red Bulls    
[MLS SPOTLIGHT] Marc de Grandpre is back with the New York Red Bulls, having been hired ...
U.S. U-20s sweep group play with win over Tigres    
[DALLAS CUP] The U.S. under-20 national team beat Tigres of Mexico, 1-0, and moved into the ...
>> Soccer America Daily Archives