FIFA earns record $7.5bn revenue for Qatar World Cup

The earnings from this World Cup cycle are $1bn greater than these generated from the 2018 match in Russia.

FIFA chief Gianni Infantino at a press convention in Doha on Saturday, November 19, 2020. On Sunday, FIFA revealed that it had earned a file $7.5bn in earnings in the course of the present World Cup cycle [Showkat Shafi/Al Jazeera]

FIFA has earned an unprecedented $7.5bn in income via 4 years of business offers tied to the 2022 World Cup in Qatar, the governing physique of soccer says.

The earnings, which FIFA revealed on Sunday to officers from greater than 200 of its member nations, are $1bn greater than what the organisation pulled in from the earlier World Cup cycle main as much as the 2018 occasion in Russia.

The additional earnings was buoyed by business offers with this 12 months’s hosts. Qatar Power joined as a top-tier sponsor, and new third-tier sponsors embody Qatari financial institution QNB and telecommunications agency Ooredoo. FIFA additionally added second-tier sponsor offers this 12 months from monetary platform crypto.com and blockchain supplier Algorand, its first new American sponsor in additional than a decade.

Key broadcast offers for this 12 months’s World Cup had been signed throughout Sepp Blatter’s presidency in two-tournament offers for the Russia and Qatar occasions. They included offers with Fox in the US and Qatari broadcaster BeIN Sports activities from 2011.

FIFA pays for host nations’ organising committees, prize cash, journey and lodging for groups and help employees. It additionally pays for a legacy fund to assist develop the game within the host nation after the World Cup circus has left city.

The winners of the Qatar World Cup will obtain $44m out of a complete prize pot of $440m.

FIFA organises its accounts in four-year cycles round every World Cup. For the 2015-2018 cycle main as much as the Russian World Cup, the governing physique introduced in $6.4bn. It has used that money to assist member our bodies via uncertainty in 2020 when nationwide workforce soccer and World Cup qualifying video games had been nearly totally shut down.

The organisation’s revenues are more likely to method $10bn for the following 4 years, because of a brand new monetary technique for girls’s soccer and the expanded 2026 World Cup within the US, Canada and Mexico, which can see 48 groups compete for the primary time, up from the current 32.

FIFA has an nearly clean slate for the 2026 version with top-tier sponsors Coca-Cola, Adidas and Wanda the one offers presently prolonged. Separate sponsor offers for girls’s soccer are being signed for the 2023 World Cup in Australia and New Zealand.