FIFA is the international body that regulates football all over the world, namely by organizing world cups of both men and women (competitions of all different ages) and also Indoor and Beach Football.
FIFA also supersedes alterations to the Laws of the game which are managed in a very conservative way, although it recently approved Goal’s line technology as we have noticed in an earlier post.
But are you aware of the amount of money that flows over FIFA’s accounts and the profits it generates?
Well, just for our readers to have an idea, between 2007 and 2010, FIFA’s revenues amounted to USD 4.2 Billion, more 1.6 billion than in the precedent 4 years.
Net profits between 2007 and 2010 were of USD 631 Million!
In those same 4 years 93% of FIFA’s revenues came from events it organized (87% from the 2010 South Africa World Cup 2010 in which FIFA cashed USD 3.7 Billion in Television and Marketing rights).
Revenues coming from FIFA’s branding (Products and marketing) originated an additional USD 37 Million, licensing and authorization of FIFA Approved materials (e,g, Balls used in the game) another USD 33 Million.
Financial investments expertise inside FIFA structure also seems to go smoothly: USD 51 Million in interests and USD 61 Millions from foreign exchange capital gains.
Between 2007 and 2010 FIFA’s accounting reserves grew to 1,3 Billion and more than doubled (617 Million between 2003 and 2006).
So, an association for Football, or a Bank?
No wonder everyone wants to be in FIFA’s Board! And that sometimes claims over suspicious moves and decisions hit the news! A lot of money flowing and Power attached to it!
Brazil is preparing itself to 2014 spending a lot in Stadiums and in infrastructures but some one else will cash-in and it’s not going to be Tatú-Bola, the World Cup Official Mascot.