FIFA Announces Profit & Record Revenue for 2013

FIFA have made a profit of $72 million and grew its reserves to $1.432 billion, medstore the governing body announced today.

FiFA had income of $1.386 billion and spending of $1.314 billion in the third year of a four-year commercial cycle linked to the 2014 World Cup.

The expenditure amount included $757 million for event-related expenses (FIFA organised seven tournaments in 2013), $183 million for development projects, and $216 million for other operating expenses, of which $17 million was for tax payments. The number of employees rose to 452 (from 412 in 2012).

FIFA paid $17 million in tax linked to its subsidiary companies, including Early Warning System, which monitors gambling on football, and financial assets.

FIFA President Blatter is among the FIFA leaders and executives who shared bonus payments totaling $36.3 million. 

{jcomments on}