FIFA has $5 billion budget for 2015-2018

FIFA logo used to illustrate the story
FIFA logo used to illustrate the story

“The future is bright because of very strong finances,” said FIFA Secretary General, Jerome Valcke.

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FIFA has a budget of $5 billion dollars for 2015-2018, its Finance Director, Markus Kottner, told the congress of the ruling football body.

Kottner said $2.3 billion would come from marketing and ticketing and $2.7 billion from television rights income.

He expects a surplus of $100 million before tax and to break even after tax in 2018.

As a result, there will likely be no rise in FIFA’s reserves which are currently at $1.4 billion.

“The future is bright because of very strong finances,” said FIFA Secretary General, Jerome Valcke, as the budget has grown 10 fold from the $257 million in 1995-1998.

Kottner also reiterated that the 209 FIFA members would receive $200 million from the Brazil World Cup income.

FIFA makes $4.5 billion overall from the tournament starting on Thursday, spending it also for operating costs, World Cup bonuses for teams, $100 million for the hosts, and money for development programmes.

(dpa/NAN)


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