FIFA Reports Major Profit In 2008

By: AP Email
By: AP Email

NASSAU, Bahamas (AP) - The global economic downturn is not hurting soccer's governing body.

FIFA said Wednesday that it turned a $184 million profit in 2008, remaining 13 percent under its own budget and not losing any money on assets during the year. FIFA collected $957 million in revenue, mostly off additional television and marketing deals struck for TV rights to the 2010 World Cup.

FIFA had $773 million in expenses, avoiding what deputy secretary general Markus Kattner called "extraordinary legal costs" such as the $90 million payout that credit card giant MasterCard was owed the previous year in a settlement regarding sponsorship of the 2010 and 2014 World Cups.

FIFA currently lists about $1.6 billion in assets.


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