FIFA Financial Reports Large Loss In 2016

The biggest football organization in the world recorded a serious financial loss last year.

A report published by the International Football Federation showed that in 2016 it lost as much as $ 369 million. The biggest reason for this was the disclosure of a corruption scandal that caused FIFA to lose much of its credibility, resulting in the withdrawal of many serious sponsors.

The authorities of global football expect that the coming year will be much better for the organization. Preliminary calculations indicate that the International Football Federation will earn nearly $ 4 billion in it. A significant part of this amount will be the money that will affect FIFA accounts from the sale of television rights to the forthcoming World Cup in Russia.

The current reserve fund of the organization is about $ 1 billion. After the mentioned World Championship is expected to rise to more than $ 1.5 billion. In the following years, this amount is expected to grow even further, as Gianni Infantino, the president of FIFA, plans to introduce a new financial policy. With the FIFA 18 release in 2017, whether the FIFA's financial will increase? Whether the FIFA 18 coins is needed by players? Let's look!