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

Madrid, May 11: The chief of FIFA fince committee said on Thursday that FIFA is in a good economic position and expects to conclude the 2015-18 fincial cycle with $100 million in profit. Paraguayan Alejandro Dominguez, also president of the South American Football Confederation (CONMEBOL), told the 67th FIFA Congress in Mama, Bahrain, that FIFA has tripled its fincing 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 fincial balance for 2016 and the budget for 2018, the year in which the World Cup will be played in Russia. IANS