The Business of FIFA
You may have already guessed this, but there is big money in the sport of football. Just ask FIFA, who turned over nearly $1 billion in 2009.
June 14, 2010 5:44 by kippreport
The balance sheet
They had a billion dollars in equity at the close of last year, and a financial statement peppered with terms like “conservative investment strategies,” and “foreign currency hedging. “
No, it’s not Lehman brothers, its FIFA – the international governing association of the sport of football. And looking at the business end of FIFA, it’s easy to forget that we’re talking about an entity dedicated to the sport of football. Last year FIFA tallied over a billion dollars in revenue and spent $863 million in expenses, netting themselves a cool $196 million profit.
So how did FIFA reel in nearly a billion dollars in one year? The answer lies between television, marketing, and brand licensing deals.
Petrol to cost nearly 10 per cent more in May across the UAE
Genel courts Turkey with Kurdish gas to reduce reliance on Russia
Apple sales fall 13 per cent in first quarterly revenue decline in 13 years
Airbus A320neo hit by hydraulic system problems
Digital skills to help Saudi achieve 30 per cent female workforce