FIFA made $337 million in profit from 2014 World Cup cycle
FIFA made a $337 million profit off the four-year cycle for the 2014 World Cup in Brazil, the Associated Press reports.
During 2014, FIFA brought in $2 billion in revenue and netted a $140.7 million profit. The AP also reports that FIFA brought in $5.718 billion in revenue during the past four years and has $1.523 billion in its reserves.
Among its expenses, FIFA paid $39.7 million in stipends to the executive committee and bonuses to senior management. President Sepp Blatter’s compensation was not included in FIFA’s report.
"This success underscores the huge appeal of FIFA's flagship tournament," the governing body noted in its annual financial report published Friday.
On Thursday, FIFA confirmed the final of the 2022 World Cup in Qatar will be played on Dec. 18.
Last month FIFA awarded the broadcasting rights to the 2026 World Cup to Fox without taking bids from other networks. Fox will reportedly pay 10% more to broadcast the 2026 World Cup than it is paying for the 2018 and 2022 tournaments.
- Paul Palladino