Fifa records $184 Million Profit in 2008

by JeffHuang | March 20, 2009 at 09:59 am

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Fifa reported an income close to $1 billion last year with 94 percent generated by television, marketing, and sponsorship money raised from events such as the World Cup. The overall Fifa profit for 2008 was $184 million with $16 million from managing its assets. Clearly, the global economic downturn has not affected Fifa and its' fanatic soccer fans throughout the world.

FIFA says it made a profit of US$184 million in 2008 and wasn't damaged in the global financial crisis.

The future looks brighter for Fifa as the 2010 World Cup in South Africa is coming and they are hoping to generate $3.2 Billion more from the tournament. However, ticket sales for the upcoming Confederation Cup in South Africa is moving slow and drawing concerns from Fifa officials.

Valcke said none of FIFA's sponsors had asked to reassess contracts or payment schedules, including troubled Indian software giant Satyam.

The company is to provide FIFA's computer services at the next two World Cups and Confederations Cups. The value of the contract was not disclosed.