FIFA reports profit of $89 million for 2012
21.03.2013,
20:47
FIFA has reported a profit of $89 million for 2012 and has reserves of $1.37 billion, R-sport reported citing a FIFA statement. It said FIFA published accounts that showed revenue of $1.16 billion last year and spending of $1.07 billion.
YEREVAN, March 21, /ARKA/. FIFA has reported a profit of $89 million for 2012 and has reserves of $1.37 billion, R-sport reported citing a FIFA statement. It said FIFA published accounts that showed revenue of $1.16 billion last year and spending of $1.07 billion.
The 2012 report covers the second year of a four-year financial cycle for the 2014 World Cup in Brazil.
FIFA pays no tax on commercial income from the World Cup because of its status as a not-for-profit association in Swiss law.
FIFA Board that met Tuesday and Wednesday in Geneva approved 2014 spending in the amount of $1.412 million. -0-
