News24

FIFA gives extra $300K bonus

2011-01-28 12:55

Zurich - FIFA is giving each football nation an extra $300 000 as a share of profits from the 2010 Soccer World Cup.

FIFA said Friday that the payment is in addition to the $250 000 every country gets annually toward its football development and running costs. Brunei is currently suspended and is the only one of FIFA's 208 members excluded.

Each of FIFA's six continental confederations gets an extra $2.5m.

"This decision by the FIFA executive committee has been made possible thanks to the outstanding success of the 2010 World Cup in South Africa, which led to a very good financial result for FIFA for the entire 2007-2010 period," the governing body said in a statement.

FIFA's annual financial report due in March is expected to reveal total commercial revenues of around $3.4bn for the four-year cycle.

FIFA announced the first round of bonuses to the 11-nation Oceania confederation at its congress in American Samoa this month.

"The funds are to be invested first and foremost in the development of football and to enable FIFA member associations to take part in FIFA competitions," the statement said.

FIFA also gave bonuses of $250 000 last year which were agreed at its congress in Johannesburg on the eve of the World Cup in South Africa.

FIFA President Sepp Blatter stands for re-election on June 1 for a fourth four-year term in office.

No challenger has yet declared his intention to run against Blatter. The deadline for candidates is April 1.

AP

Comments
  • Allin - 2011-01-28 13:03

    WOW, a WHOPPING $300000...

  • wynand.ferreira - 2011-01-28 13:06

    And who will now be getting a new ports car with that money?

  • May - 2011-01-28 13:12

    I hope they will be spending it all on the development of football and not on themselves!!! one can always hope !!

  • WSA - 2011-01-28 13:21

    Hummmmm, and we have to pay toll roads for the upgrading!!!!...........

  • Gavin Mannion - 2011-01-28 13:31

    "This decision by the FIFA executive committee has been made possible thanks to the outstanding success of the 2010 World Cup in South Africa, which led to a very good financial result for FIFA for the entire 2007-2010 period," And yet you are all still whining.... give it up we did well.

      mnbain - 2011-01-28 14:12

      We did well, but that was a good profit for FIFA, not SA.

      Albo - 2011-01-28 14:23

      "which led to a very good financial result for FIFA" - I don`t see a mention of SA in that statement!!?!

      Realist - 2011-01-28 16:10

      No, FIFA did well, SA taxpayers will suffer for years to come under the financial burden of maintaining stadiums which can not be cost effectively utilised. So yes, I am still whining and Ibelieve I have a valid reason to do so.

  • Louis - 2011-01-28 13:46

    The deadline for candidates for Sepp BlaThers position is appropriately APRIL FOOLS DAY !!!!!!!

  • Jim - 2011-01-31 12:16

    Blatter standing for re-election, $300000 handout, bribery and corruption at its best.

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