![]() That still appears to leave a substantial amount of “other income” un-itemised and only “rent income” and “termination fees relating to contract cancellations” among the stipulated sources left to cover. I don’t think one can take it as read that this is the same as the “gain on sale of property and equipment” mentioned above, but it’s all we have to go on. Note 20 appears to indicate that FIFA disposed of $15.6 million of operational buildings, assets under construction and land in 2021. Moving on to the small print of Note 8, we read: “In 2021 the US Department of Justice granted FIFA $60.4 million in remission proceeds, representing monies forfeited by defendants to the US government that are returned to victims of their criminal schemes.” So, lopping off this amount, that leaves $96.1 million of “other income” still to itemise. That leaves $156.5 million still to attribute. So it looks like $77.5 million of FIFA’s “other income” came from Qatar. In the small print of Note 7, we read that hosting and staging costs were “mainly offset by host country contributions of $77.5 million”. Since FIFA has omitted to do so, let me attempt a breakdown based on information provided elsewhere in the financial statements.Īrab Cup: This ended up being the main test event for this year’s World Cup. This is what readers are told: “Other operating income includes host country contributions for the event operational costs of hosting and staging the FIFA Arab Cup 2021, the remission proceeds awarded to FIFA by the United States Department of Justice as well as other sources of income, such as rent income, termination fees relating to contract cancellations, and a gain on sale of property and equipment.” Yet, strangely, a set of financial statements that is commendably transparent in other respects, gives no itemised breakdown. ![]() There is $234 million of the stuff – the biggest single source of revenue in the year. To be fair, the sources of the $85.6 million of other revenue are explained pretty clearly in FIFA’s financial statements: it is mainly income from the Club World Cup, the Tokyo Olympics, the FIFA museum and a few other odds and ends. So where did the other $320 million or so come from? Brace yourselves: “other revenue” and, oh yes, “other income”. That all adds up to $434.7 million, $446.9 million if you add in $12.2 million of Arab Cup ticket sales. Marketing rights were also below budget at $131.4 million again, not altogether surprising, though perhaps an ongoing source of frustration for president Gianni Infantino and his fellow travellers.īy contrast, licensing rights – FIFA’s star financial player of recent times (though for how much longer?) – was nearly 25% above budget at $180.2 million. ![]() ![]() It seems odd though that only $2 million of this 2021 revenue came from Europe. However, with finance committee chair Alejandro Dominguez saying FIFA is “well on track” to exceed its 2019-22 revenue target of $6.44 billion – albeit thanks mainly to a men’s World Cup staged in the final weeks of the four-year cycle – I don’t see it as that major an issue. I don’t know why this should have been, unless FIFA was expecting to generate a lot more than it did from the Arab Cup (about which more later). We now learn that what has actually happened is this:īroadcasting rights was far below budget at $123.1 million. Under the revised budget put out in June 2020, this $742 million was projected to come from four sources: $365 million from broadcasting rights, $174 million from marketing, $145 million from licensing (ie broadly video games) and $58 million of everybody’s favourite, “other revenue”. But the route the football body took to arrive at this happy conclusion is far different from that expected – and somewhat mysterious. Indeed, it exceeded them somewhat, securing $766.5 million against a budgeted $742 million. FIFA succeeded in meeting its 2021 revenue projections. April 1 – There’s more than one way to skin a cat.
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