Thursday 12 June 2014

IFA to pay national members, confederations $200m

FIFA plans to pay out $200 million in total bonuses to its
national members and confederations from its World Cup
revenue of an estimated $4.5 billion.
Each of the 209 member country will get $250,000 this
month and will get a further $500,000 early next year, FIFA’s
finance director Markus Kattner told the governing body’s
congress Wednesday.

The six continental bodies will get $2.5 million this month
and $4.5 million more next year.
Kattner said the bonuses must be approved by independent
audit panel chairman Domenico Scala, but that there is no
reason to think the extra payments won’t be made.
The planned bonuses are a $200,000 increase compared to
the payments made after the 2010 World Cup when each
FIFA member got a total of $550,000.
Then, the six
confederations received a total of $5 million each.
FIFA expects improved revenue of $4.5 billion for the four-
year commercial cycle tied to the 2014 World Cup. It had
budgeted to earn $3.8 billion.

Kattner said FIFA expects to earn $5 billion in the cycle
leading to the 2018 World Cup.
A total of $2.7 billion should come from broadcasting rights
sales, and $2.3 billion from sponsors and licensing.
FIFA has budgeted to spend $4.9 billion through 2018, with
$100 million added to its reserves.
FIFA’s reserve fund is currently more than $1.4 billion.

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