FIFA banks $US2 billion in 2014

Written By Unknown on Jumat, 20 Maret 2015 | 22.24

FIFA says it earned record revenue of $US2 billion ($A2.62 billion) last year, thanks to the World Cup's commercial power.

THE governing body's annual financial report released on Friday shows total profits of $US337 million coming from the four-year cycle for the 2014 soccer tournament in Brazil.

FIFA pocketed $US140.7 million in profit in 2014 alone. It added $US91 million to its reserves, which now stand at $US1.523 billion.It expects income to keep rising for the 2018 World Cup in Russia despite FIFA and the host country's reputation issues.FIFA's expenses also soared, topping $US5.38 billion in the past four years.Last year, FIFA spent $US261 million in World Cup bonuses to soccer bodies, $US27 million buying a hotel in Zurich and $US39.7 million rewarding senior officials.

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