Tournament News

FIFA assets top $1bn mark

2010-06-11 10:48
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FIFA president Sepp Blatter (File)
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Paris - FIFA turned over more than $1bn in 2009, and made a profit of $196 million. The federation also reported equity of $1.061 million.

Football's world governing body presented the figures to its congress on the eve of the 2010 Soccer World Cup.

Sales in the year of television rights accounted for $650 million and sales of marketing rights $277 million.

FIFA has an equity of $1.061 million, which it said was necessary to cover the financial risks that it faced.

"While equity of over a billion dollars seems high, it is necessary as the financial risks exceed it many times over," said Franco Carraro, chairperson of the internal audit committee.

"The figure is only enough to cover the next year and a half."
 

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