Monday, February 29, 2016

FIFA is waiting for $ 600 million from Infantino

The new boss of FIFA Gianni Infantino takes over the World Football Federation on the brink of economic crisis because of corruption scandals raging in high places of authority more than a year.
According to the expert edition for finance `Forbes`, it depends largely on the 45-year-old Swiss whether the massive 600 million expected by 2018, will fall into the treasury of the organization.
According to Jerome Champagne, who was one of the candidates for President of the Congress on Friday, two of the major sponsors of FIFA have refused to commit to FIFA after the World Cup in Russia for corruption Affairs. For example, in Coca-Cola.
The company, producing the most popular soft drink in the world, will not participate in the next economic cycle after 2018, 20 of the 27 sponsors have withdrawn from other football tournaments. The worst case scenario foresees the release of earnings of 600 million dollars.
The money comes mostly from the FIFA World Football Championships. The Federation has an account for 5.7 billion dollars in revenues and an increase of 338 million dollars for the period from 2010 to 2014. For the period up to 2018 there are only 5 billion dollars expected.
According to the unofficial information (the report will be announced in March) FIFA`s reported a financial deficit of around 100 million dollars in 2015.

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