CALLING ring announcer Michael Buffer and referee Joe Cortez! Report to Guyana. Calling the WBC and the WBA! You’re asked to sanction what would be a memorable fight in Guyana, as the Guyana Football Federation (GFF) receives a US$750 000 bonus from FIFA.
FIFA plans to pay out $200M in total bonuses to its national members and confederations from its World Cup revenue of an estimated $4.5 billion.
Each of the 209 member-countries will get US$250 000 this month and should get a further $500 000 early next year, FIFA’s finance director Markus Kattner announced at a recent congress held in Brazil.
The six continental bodies will get $2.5M this month and $4.5M more next year and it is said that these payments are not part of the FIFA Goal Project funds which are usually provided to support a member association’s development projects.
The planned bonuses are a $200 000 raise, compared to the payments made after the 2010 World Cup when each FIFA member got a total of $550 000. Then, the six confederations received a total of $5M each.
FIFA expects improved revenue of $4.5B for the four-year commercial cycle tied to the 2014 World Cup. It had budgeted to earn $3.8B.
Kattner said FIFA expects to earn $5B in the cycle leading to the 2018 World Cup, of which a total of $2.7B should come from broadcasting rights sales and $2.3B from sponsors and licensing.
FIFA has budgeted to spend $4.9B through 2018, with $100M added to its reserves. FIFA’s reserve fund is currently more than $1.4B.
(By Rawle Toney)