FIFA reports $72M profit in 2013, raises reserves to $1.432 billion on back of World Cup deals
Friday, Mar 21, 2014 07:45 am
ZURICH - FIFA says its reserves grew to $1.432 billion after making a $72 million profit in 2013.
Football's governing body had income of $1.386 billion and spending of $1.314 billion in the third year of a four-year commercial cycle linked to the 2014 World Cup.
FIFA's financial results typically peak in a World Cup year, which will be reported next March.
FIFA paid $17 million in tax linked to its subsidiary companies, including Early Warning System, which monitors gambling on football, and financial assets.
FIFA President Sepp Blatter's salary and benefits were not detailed.
Blatter is among the FIFA leaders and executives who shared bonus payments totalling $36.3 million.