FIFA Rakes in the Cash
March 23rd, 2007 . posted by admin
FIFA today announced that the World Cup in Germany was a financial success, a very good success!
World football’s governing body FIFA said Friday it had paid back 111 million euros (148 million dollars) to the German organisers of the World Cup in 2006 after racking up a big profit on the event.
FIFA said it retained 45 million of the 156 million euro profit on the 2006 World Cup, fuelling an “exceptional” year for its own finances.
That’s some pretty sweet $$ made there by FIFA and i bet the 2010 organizing commitee in South Africa are just waiting for their chance….
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