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.
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.”
