BC-SOC--FIFA Finances-Women’s World Cup
LONDON (AP) — FIFA is awash with cash four years since police raided the homes and offices of soccer officials in a scandal that threatened its existence.
People with knowledge of FIFA’s finances tell AP that in the four-year period covering the 2018 World Cup, FIFA’s reserves soared to $2.74 billion and revenue rose to $6.4 billion. The people spoke on condition of anonymity because the financial results remain confidential
But while the annual report underscores FIFA’s financial vitality, it also highlights the glaring disparity between men and women’s soccer.
Last summer’s World Cup is a good example: France banked $38 million from FIFA for winning the championship, but the women’s champion this July will earn just $4 million.