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
With all that going in, what’s coming out? The key word here is money. FIFA World Cup winners will receive $30 million, runners-up $24 million, and third-place $20 million. Teams that go out in the group stage will each collect $8 million. In addition to the prize money, each participating association was granted $1 million as a contribution towards its preparation costs. Players will be paid $1,600 daily for the duration of the games.
All in all, FIFA budgeted $420 million to member associations and clubs for the 2010 World Cup, up significantly from the $261 million paid out for the 2006 World Cup Germany.
Video: How to pick the perfect diamond
In pictures: Top 10 happiest countries in the world
'UAE: Happiest country in the Middle East'
After Nepal Earthquake, marketing SMS goes horribly wrong
6 business events you do not want to miss this week