Soccer News of Thu, 12 Jun 20140
GFA to get $750,000 from FIFA
The Ghana Football Association (GFA) and the 208 other members of FIFA are to receive $750,000 financial support each from football’s governing body.
FIFA plans to pay out $200 million 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 $250,000 this month and should get a further $500,000 early next year, FIFA's finance director Markus Kattner told the governing body's congress yesterday.
The six continental bodies will get $2.5 million this month and $4.5 million more next year.
Kattner said the bonuses must be approved by independent audit panel chairman Domenico Scala, but that there is no reason to think the extra payments won't be made.
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 $5 million each.
FIFA expects improved revenue of $4.5 billion for the four-year commercial cycle tied to the 2014 World Cup. It had budgeted to earn $3.8 billion.
Kattner said FIFA expects to earn $5 billion in the cycle leading to the 2018 World Cup.
A total of $2.7 billion should come from broadcasting rights sales, and $2.3 billion from sponsors and licensing.
FIFA has budgeted to spend $4.9 billion through 2018, with $100 million added to its reserves. FIFA's reserve fund is currently more than $1.4 billion.