FIFA budgets $6.56BN income tied to 2022 World Cup in Qatar - Valley Morning Star : Sports

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

FIFA budgets $6.56BN income tied to 2022 World Cup in Qatar

Print
Font Size:
Default font size
Larger font size

Posted: Friday, March 16, 2018 6:32 pm | Updated: 7:13 pm, Fri Mar 16, 2018.

ZURICH (AP) — FIFA expects to earn $6.56 billion in a four-year financial cycle to the 2022 World Cup in Qatar, despite a drop in ticket and corporate hospitality sales.

FIFA's 2019-2022 budget projects rises of more than $400 million each in broadcasting and marketing income over the 2018 World Cup in Russia.

Still, FIFA says "smaller stadiums for the 2022 FIFA World Cup" should mean ticket and hospitality sales of $500 million will be $75 million less than in 2015-18.

More than half of FIFA's revenue will come from broadcasting rights, "86 percent of which is already contracted."

FIFA plans to spend $6.46 billion from 2019-2022, including a $250,000 annual raise for member associations. Each will get $1.5 million annually.

FIFA expects to end the 2022 World Cup with reserves of $1.9 billion.

© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More about

More about

More about

More Events

Pet Central

pets

Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>

Fitness

Fitness

Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>

Crosswords

Crosswords

Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>

Sudoku

Sudoku

Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>