Our first report on the FIFA business dealt with FIFA’s revenues and highlighted
their impressive rise and progressive diversification. In parallel to this
growth of FIFA’s income, it is quite natural that its expenses have been
following a similar path (see Graph 1). However, as we will see FIFA makes it
sometimes very difficult to identify precisely where the money is going. Nonetheless,
this is precisely what we wish to tackle in this post, and to do so we
will rely on the FIFA Financial reports over the last 10 years.
Graph 1: FIFA Expenses in USD million (adjusted for inflation),
2003-2013.
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Qatar’s successful bid to host the 2022 World Cup left many people
thunderstruck: How can a country with a population of 2 million people and with
absolutely no football tradition host the biggest football event in the world?
Furthermore, how on earth can players and fans alike survive when the
temperature is expected to exceed 50 °C during the month (June) the tournament
is supposed to take place?
Other people were less surprised when FIFA’s President, Sepp Blatter,
pulled the piece of paper with the word “Qatar” out of the envelope on 2
December 2010. This was just the latest move by a sporting body that was reinforcing
a reputation of being over-conservative, corrupt, prone to conflict-of-interest
and convinced of being above any Law, be it national or international.More...