Blatter Reveals FIFA Reserves of USD1.2bn

February 25, 2011

Sepp Blatter, the president of world soccer’s governing body FIFA, says that the organisation has reserves of US$1.2bn after last year’s successful World Cup in South Africa.

Blatter told African football administrators that the financial results has increased from those of the previous 2006 World Cup hosted by Germany. He said more details of its success will be published next week in FIFA’s annual report.

The figure has seen a rise of $140m after FIFA began the World Cup year with reserves of $1.06bn.

Blatter was opening the Confederation of African Football assembly where he said the continent should be proud of organising the World Cup and said it had helped Africa gain pride and confidence.