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FIFA budgets $6.56BN income tied to 2022 World Cup in Qatar

FIFA budgets $6.56BN income tied to 2022 World Cup in Qatar | iNFOnews.ca
FIFA President Gianni Infantino speaks during a press conference after the FIFA Council Meeting, in Bogota, Colombia, Friday, March, 16, 2018. FIFA has finally and fully approved video review to help referees at the World Cup. The last step toward giving match officials high-tech help in Russia was agreed to on Friday by FIFA's ruling council chaired by Infantino. (AP Photo/Fernando Vergara)

ZURICH – FIFA expects to earn $6.56 billion in a four-year financial cycle to the 2022 World Cup in Qatar, despite a drop in ticket and corporate hospitality sales.

FIFA’s 2019-2022 budget projects rises of more than $400 million each in broadcasting and marketing income over the 2018 World Cup in Russia.

Still, FIFA says “smaller stadiums for the 2022 FIFA World Cup” should mean ticket and hospitality sales of $500 million will be $75 million less than in 2015-18.

More than half of FIFA’s revenue will come from broadcasting rights, “86 per cent of which is already contracted.”

FIFA plans to spend $6.46 billion from 2019-2022, including a $250,000 annual raise for member associations. Each will get $1.5 million annually.

FIFA expects to end the 2022 World Cup with reserves of $1.9 billion.

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Abbey Westbury

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