Forgot Password

 

Register

 

Create your Connect ID

This will allow you to login to all DStv websites & applications




or
Login using
x

Email Reset

 




Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Football | FIFA World Cup

Spain © Action Images

World Cup 'was huge financial success'



Fifa President Sepp Blatter on Thursday hailed Africa's first World Cup in 2010 as a financial success, after it pushed the governing body's four-year revenues above $4 billion for the first time.

Blatter claimed it vindicated the choice of South Africa despite fears that the decision to bring football's biggest tournament to the continent was a financial risk.

"I am the happiest man to announce that the World Cup in South Africa was a huge, huge financial success for everybody, for Africa for South Africa, for Fifa," he told journalists after an executive committee meeting.

"For the first time in Fifa's four-year accounts we are over $4 billion."

Fifa, a non-profit association under Swiss law, earned $4.189 billion in its 2007 - 2010 financial period, with a surplus of $631 million, deputy secretary general and finance chief Markus Kattner said.

Eighty-seven percent of total revenues - $3.655 billion - over the period were related to the 2010 World Cup.

Traditionally the bulk of earnings are down to deals on broadcasting rights worldwide and marketing or sponsorship contracts.

"The sale of television and marketing rights was more successful than expected," Kattner underlined.

Last year alone revenues reached $1.29 billion with a surplus of 202 million.

Although the surplus is redistributed among footballing nations, over the past four years Fifa has nearly doubled its cash reserves to $1.28 billion.

Shop

Gerrard: My Autobiography
Steven Gerrard is a hero to millions, not only as the inspirational captain of Liverpool FC, but as a key member of the England team.
R152.00
Rafa: My Story
Revelatory memoir from the greatest sportsman in the world today.
R182.00
FIFA 14
Xbox 360
R549.00
Mitre Ultimatch Soccer Ball - White
A high quality football, offering high performance at both training and during football matches.
R252.00


Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Live Video Streaming

Barclays Premier League SuperSport H\L - Matchday 3: Tottenham Hotspur v Liverpool
Tue, 02 Sep @ 05:00
Tue, 02 Sep @ 11:15

Sports Talk



Carol Radull
Where are Kenya's strikers?
I was watching the English Premier League match between Everton and Chelsea on Saturday night and...

Calvin Emeka Onwuka
Spurs will challenge for the title
It was in my room in Rustenburg, during the last Afcon, that I noticed the style that Mauricio...

John Dykes
United in condemnation
The British football press showed tremendous solidarity this week when they all leaped on the same...

Neil Tovey
Borrowing from best practice
The late Irish scribe and poet Oscar Wilde once famously opined that “youth is wasted on the...

Sunday Oliseh
Man U need more than an 'Angel'
Just two games into the English Premier League and Manchester United are five points (synonymous to...

Arjun Vidyarthi
Good signs for the Reds despite loss
A brace from Stevan Jovetic and a Sergio Aguero stunner ensured that Manchester City took all three...