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FIFA makes $36 million profit in 2011

ZURICH (Reuters) – FIFA made a profit of

$36 million in 2011 on revenues of more than $1 billion, soccer’s world governing body said in its financial report released

on Friday.

FIFA

The report also showed that FIFA has reserves of $1.293 billion.

FIFA’s revenue last year was

$1.070 billion dollars, compared to $1.291 billion in 2010, while expenses were $1.034 billion, down from $1.089 billion the

year before.

FIFA made a $202 million profit in 2010, $196 million in 2009 and $184 million in 2008. However revenues

in the year after a World Cup, its flagship event, are traditionally weaker.

The report said that FIFA had said it

invested 75 percent of its expenditure into “events and football development”.

FIFA spent $183 million on development

in 2011 and $589 million on events, of which $428 million was for the 2014 World Cup.

Ninety-two percent of revenue,

$988 million, was event-related with television rights accounting for $550 million, the lion’s share from the 2014 World

Cup.

“The year 2011 was a financial success,” said FIFA. “Commercialisation of rights reflects the high value of the

World Cup.”

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