Share

Ka-ching! FIFA register $700mn extra revenue in latest filings

Lausanne  - FIFA have posted a better than expected $6.4 billion turnover for the financial period of 2015-2018 allowing for $2.74bn in back-up, a source told AFP on Wednesday.

FIFA announced a revenue of $5.72bn for the previous cycle between 2011-2014 with $1.52bn in reserve.

The results are higher than those projected last June before the start of the World Cup held in Russia.

Facing the worst corruption in its history in 2015 and after a variety of big sponsors ended their deals, experts were sceptical about the governing body's capacity to reach its targets.

The reserves, which in theory allow FIFA to cope with a possible cancellation of a World Cup, have grown from the June-announced $1.65bn figure.

President Gianni Infantino was elected in February 2016, succeeding the suspended Sepp Blatter on the promise of increasing the financial investment in developing football with his 'Forward' programme.

He will be the sole candidate in June's election held during FIFA's congress.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
loading... Live
TS Galaxy FC 0
Moroka Swallows 0
loading... Live
Cape Town Spurs FC 0
Richards Bay FC 0
Voting Booth
Should the Proteas pick Faf du Plessis for the T20 World Cup in West Indies and the United States in June?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes! Faf still has a lot to give ...
67% - 933 votes
No! It's time to move on ...
33% - 452 votes
Vote
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE