FIFA facing 'difficult' economic environment - Times LIVE
Sun Apr 23 23:42:51 SAST 2017

FIFA facing 'difficult' economic environment

AFP | 2016-02-26 12:39:21.0
FIFA 's General Secretary Markus Kattner (R) talks with FIFA's Delegate President Issa Hayatou at the FIFA Extraordinary Congress on February 26, 2016 in Zurich, during the FIFA President election session. Gianni Infantino and Sheikh Salman bin Ebrahim al Khalifa easily lead the race to become FIFA president, but an AFP poll of world football's members highlighted complex political manoeuvring and uncertainty surrounding Friday's vote.

Crisis-hit FIFA is in a "difficult" economic environment and is roughly $550 million (500 million euros) behind in its four-year budgetary goal, the body's secretary general Markus Kattner said at a congress on Friday.

Kattner told FIFA's 209 member associations that the scandals in world football, including the need to cooperate with criminal corruption investigations in the United States and Switzerland, had created "general uncertainty" within the organisation.

"The economic environment is difficult," he said. "We are going to record a negative result in 2015."

"We are currently about $550 behind in our goals," for the budget period of 2015 to 2018, he added.

For the 2011-2014 budget period, FIFA's revenues reached $5.7 billion.

The World Cup generates the vast majority of the organisation's revenues. FIFA has said the 2014 tournament in Brazil generated $4.8 billion in revenue.

Kattner, a former FIFA finance director, was elevated to the secretary general's job following the suspension of Jerome Valcke, one of many top football executive to have fallen amid the wide-ranging corruption scandals that have erupted since May last year.


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