FIFA makes $1.2b from 2010 World Cup

Football’s world governing body, Federation of International Football Association (FIFA) has revealed that it made an amount of $1.2 billion from the South Africa 2010 World Cup.

According to FIFA, the money realized was far more better than that of the Germany 2006 World Cup which realized $600 million.

“There was better news from 2010 as FIFA had realised $1. 2 billion after the World Cup in South Africa compared to $600 million realised after Germany 2006 World Cup”, FIFA President Sepp Blatter said.

He made the disclosure when he addressed the 33rd Confederation of African Football General Assembly in Khartoum, Sudan on  February 23, 2011.

“The Federations and associations will benefit from this windfall, this again is victory for Africa” said Mr. Blatter.

The money, FIFA said could be sustained for 18 months if a World Cup is canceled.

FIFA began the World Cup year with reserves of $1.06 billion, the Associated Press reported.

In Ghana, FIFA and the Football Association (GFA) have funded four major projects dubbed “FIFA Goal Projects”.

The first project, Goal One was a $400,000 grant to start development of a technical centre at Prampram.

The money for Goal Two was used to build the Ghana Football Association headquarters in Accra.

Goal Three was the multi-purpose restaurant and kitchen plus a conference facility to cater for national soccer teams in the country.

The fourth one, which the GFA and FIFA recently signed, is to construct a world-class football academy in Ghana.

By Ekow Quandzie

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