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FIFA expects $100 mn profit in 2015-18 financial cycle

IANS logoIANS 11-05-2017

Paraguayan Alejandro Dominguez, also president of the South American Football Confederation (CONMEBOL), told the 67th FIFA Congress in Manama, Bahrain, that FIFA has tripled its financing in different football development projects, reports Efe.

Earlier, FIFA President Gianni Infantino said in his opening address to the Congress that the fiscal situation of the soccer organisation is extremely solid.

The Congress approved the financial balance for 2016 and the budget for 2018, the year in which the World Cup will be played in Russia.

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