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FIFA Revenue Down 65% In 2020

FIFA Revenue Down 65% In 2020

The world’s football governing body, FIFA, has had revenue drop by 65% due to COVID-19.

Their 2020 revenue totalled AUD$266 million, a significant change from their AUD$985 million earned in 2019.

Mass cancellations and postponements of local and international tournaments had the most significant impact on the organisation’s finances.

A large portion of FIFA’s income, therefore, came from licensing rights of its marks and brand elements.

FIFA suffered a net loss of AUD$880 million in 2020, with a total expenditure of AUD$1.34 billion throughout the year.

AUD$350 million of this expenditure came from FIFA’s COVID-19 relief plans, which provided grants to member associations, confederations, and women’s football organisations.

They are predicting further struggles, with an AUD$154 million drop in revenue expected this year, prior to the 2022 FIFA World Cup in Qatar.

However, FIFA is still confident of their expectations to reach their revenue target of AUD$8.31 billion for the 2019-2021 cycle, despite the damaging impact of the pandemic.

Amid their financial challenges, FIFA president, Gianni Infantino, has stressed the importance of pushing the popularity of the game outside of Europe.

He has recently proposed the idea of merging the USA’s Major League Soccer (MLS) and Mexico’s Liga MX.

“The potential in the United States and Mexico is enormous,” Infantino said.

“If you could bring those two together, then that would be incredible.

“That could quite well be the best league in the world,” he said.

The timing of these discussions links into the upcoming 2026 FIFA World Cup, to be co-hosted by Canada, the United States, and Mexico.

Infantino believes there is a strong potential for the round ball game in North America.

“If we want teams to play at the very highest level all over the world and not just in Europe, then we need to have new ideas and we need to see that,” Infantino said.

“We see the potential in North America, the economic potential, the potential in footballing terms.

“I trust [football leaders in North America] to make the best decisions in that regard,” he said.

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