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FIFA suffers a smaller financial loss than expected

d93c34552afb9c842f5429222c489f99 - FIFA suffers a smaller financial loss than expected

FIFA has last year a financial loss of only 189 million dollars, is translated as a 160 million euro. That made the FIFA Wednesday announced during the 68th congress of the Wereldvoetbalbond in Moscow. The loss is less than expected, because FIFA feared sure almost 380 million euro in the red to finish.

In the year 2016 the loss amounted to 350 million euros, this year the loss is smaller than expected. The equity of the FIFA now amounts to less than 1 billion euro. According to chairman Gianni Infantino, the red figures of the last few years due to the large-scale corruption scandal within FIFA. This hooked many sponsors and had a lot of legal fees to be paid after legal proceedings.

Infantino expected in this world cup year a lot of to make a profit. The world cup could, in fact, more than 400 million euros to produce. Furthermore, the income for the period 2015-2018 to more than 6 billion euros. Infantino was very proud of the figures. “The financial future looks bright,” he said. “When I was two years ago, in taipei, taiwan, was the FIFA clinically declared dead. We have the biggest crisis ever experienced, but now we are full transparent. We have plenty of in life and do well with fun, passion and a vision for the future.”

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