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Brazil World Cup boosts FIFA’s purse with $2bn

Freedom Online by Freedom Online
March 21, 2015
in Sports
0

FIFA’s latest financial records show that world football’s governing body generated revenue of over $2 billion in 2014, thanks to the World Cup in Brazil.

The tournament in South America proved a major cash generator for the organisation, with revenue and profits both climbing sharply.

Here are the key talking points: Total revenue for 2014 stands at $2.096bn, compared to $1.386bn in 2013. Overall revenue for the four-year cycle from 2011 to 2014 stands at $5.718bn.

FIFA event-related revenue ($5.137bn) accounts for 90 per cent of total revenue for the four-year cycle, while the expenses for 2014 were also significantly higher, at £1.955bn up from $1.314bn from the previous year.

Profit for 2014 stands at $141million, with total profit between 2011 and 2014 reaching $338m and FIFA now has $1.523bn in its total reserves.

“This success underscores the huge appeal of FIFA’s flagship tournament,” FIFA said in its report.

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