National News

FIFA to rake in billions

2010-06-18 14:06

Johannesburg – FIFA expected its provisional income for the 2010 World Cup to be around $3.2bn, a spokesperson said on Friday.

The provisional figure was given in reply to a question at a media briefing at Soccer City in Johannesburg.

Spokesperson Nicolas Maingot said the World Cup was the main source of income for FIFA and its revenue from this one would tide it over for the next four years.

He added that 75% of its revenue would be invested into football development.

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