FIFA has $1.2bn in reserves
Khartoum - FIFA President Sepp Blatter says it has reserves of $1.2 billion (€875 million) thanks to the 2010 Soccer World Cup in South Africa.
Blatter tells African football leaders that the financial results were better than the 2006 World Cup hosted by Germany.
He said more details of its success will be published next week in FIFA's annual report.
FIFA began the World Cup year with reserves of $1.06 billion (then €780 million).
FIFA said that money could sustain it for 18 months if a World Cup was canceled.
Blatter opened the Confederation of African Football assembly saying the continent should be proud of organising the World Cup which helped Africa find more pride and confidence.
Read News24’s Comments Policy
Ethiopia are an example
Many pundits may have known Ethiopia for its prowess in athletics rather than football. Yet they...