The economic crisis that soccer is experiencing due to the coronavirus pandemic seems increasingly accentuated. While clubs seek to float around the world, the various confederations seek to sustain themselves in the same way. In this sense, FIFA It is not exempt from this situation and presented some scary balance sheets.
At the last FIFA meeting, the balance sheets for 2020 were presented with a drop in income that is very worrying one year from the Qatar 2022 World Cup. “The mother entity of world football saw how the coronavirus took its toll last year and how its income fell by 65% until it lost 683 million dollars due to cancellations and postponements caused by the pandemic,” the portal published Registered Marketing.
The sum total of FIFA’s revenue generated noise within the governing committee of Gianni Infantino. It turns out that fiscal year 2020 ended with a total income of $ 266.5 million, a figure well below the 765.6 million that had entered the mother house of soccer in 2019.
A surprising piece of balance is that, for the first time in history, licensing fees generated most of the revenue. In total, this item represented 158.8 million revenue for FIFA. Meanwhile, television rights accounted for just $ 1.7 million, up from $ 342.6 million in 2019.
Billionaire insurance
While the FIFA numbers are in the red, the mother house of football signed an insurance of 900 million dollars for the Qatar World Cup. “This will aim to safeguard itself from any cancellation, restriction or abandonment of the World Cup, because the economic well-being of FIFA depends on the success of the organization of the World Cup, since almost all contracts with companies are related to this event ”, the report assures.
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