FIFA revenue hits $7.5bn for current World Cup period

FIFA said sunday that the governing body of soccer has earned record revenues of $7.5 billion in the four years of commercial deals tied to the Qatar World Cup.

The last three sponsors  two American and one from the Middle East  were announced hours before the opening game: YouTube_ Visit Las Vegas and Fine Hygienic Holding_ all in the third-tier category of regional sponsors_ AP reports.

The late arrivals to complete the slate of World Cup sponsors helped lift FIFA s four-year income to more than $1 billion ahead of the previous commercial cycle linked to the 2018 World Cup in Russia.

The numbers were revealed Sunday at a closed-doors meeting of more than 200 FIFA member federations whose cash grants from the Switzerland-based soccer body have risen sharply since Gianni Infantino was elected in 2016.

The extra income was buoyed by commercial deals with state-backed companies in the gas-rich World Cup host country. Qatar Energy joined as a top-tier sponsor_ and new third-tier sponsors include Qatari bank QNB and telecoms firm Ooredoo.

The global soccer body also added second-tier sponsor deals this year from financial platform crypto.com and a blockchain provider that became its first new American sponsor in more than a decade.

Key broadcast deals for the ongoing World Cup were signed during Sepp Blatter s presidency in two-tournament deals that included the Russia and Qatar tournaments. They included deals with Fox in the US and Qatari broadcaster BeIN Sports that were sealed in 2011.

FIFA s reserves will rise to about $2.5 billion despite the coronavirus pandemic. FIFA was prepared to use that cash to help members through uncertainty in 2020 when national team soccer and World Cup qualifying games were almost entirely shut down.

Revenues are likely to approach $10 billion for the next four years thanks to a new financial strategy for women s soccer and the expanded 2026 World Cup in the US_ Canada and Mexico.

Separate sponsor deals for women s soccer are being signed for the 2023 World Cup in Australia and New Zealand.

The 2026 men s tournament will have 48 teams instead of 32.

FIFA has an almost blank slate for the 2026 edition with top-tier sponsors Coca-Cola_ Adidas and Wanda the only deals currently extended.

FIFA pledged to give more money to member federations when they gathered in Qatar in March_ promising their basic grant from Zurich would rise by 33% to $8 million in total from 2023-27.

On his election day in 2016_ Infantino promised voters:  It s your money_ not FIFA s money.