The world football regulator will announce record $15 billion revenues from this summer’s World Cup, significantly exceeding the targets set before the tournament.
The regulator's member associations were informed of the boost in income by Gianni Infantino on Saturday.
Originally, the governing body had projected $11 billion in earnings.
Sources have indicated that hospitality and ticketing, especially through the steeply priced secondary market, account for a significant amount of the increase.
The football regulator takes 15 percent from the buyer and another 15 percent from the seller on the secondary market.
Football associations will likely reap the benefits of regulator’s expanded World Cup pot, although details are yet to be finalised.
The financial situation will come as a boost to Infantino, who will feel it further shores up his position after a controversy-ridden month in the United States, Canada and Mexico.
There was widespread fury after the world football regulator was perceived to have bowed to pressure from Donald Trump in suspending the red card given to Folarin Balogun, the US striker, against Paraguay in the last 16.
The world football regulator has said the decision was taken independently by its disciplinary committee but that has continued to fester among European FAs in particular.
Infantino has nevertheless received more than 200 pledges of support from the regulators member associations for his re-election in March.
The prospect of extra funds from bumper World Cup revenue is likely to dissuade some FAs from making any discontent public.
Such a bonanza may also increase the chances of the US hosting another edition in the near future.
The next World Cup available for bids is the 2038 tournament.
At a reception on Friday, Trump confirmed his country’s eagerness for a repeat performance. “You should choose the United States of America again,” he said. “This time we will leave Canada and Mexico out.”
The US has also held talks with football regulator about hosting the Club World Cup in 2029.
On Saturday evening, VIP and hospitality packages for Sunday’s final between Spain and Argentina, which will be played in New Jersey, were still listed on the football regulator’s ticketing portal.
Tickets for the 'trophy lounge' were retailing at $34,500 per person.
The global football regulator was contacted for comment.
-The Gaurdian
The regulator's member associations were informed of the boost in income by Gianni Infantino on Saturday.
Originally, the governing body had projected $11 billion in earnings.
Sources have indicated that hospitality and ticketing, especially through the steeply priced secondary market, account for a significant amount of the increase.
The football regulator takes 15 percent from the buyer and another 15 percent from the seller on the secondary market.
Football associations will likely reap the benefits of regulator’s expanded World Cup pot, although details are yet to be finalised.
The financial situation will come as a boost to Infantino, who will feel it further shores up his position after a controversy-ridden month in the United States, Canada and Mexico.
There was widespread fury after the world football regulator was perceived to have bowed to pressure from Donald Trump in suspending the red card given to Folarin Balogun, the US striker, against Paraguay in the last 16.
The world football regulator has said the decision was taken independently by its disciplinary committee but that has continued to fester among European FAs in particular.
Infantino has nevertheless received more than 200 pledges of support from the regulators member associations for his re-election in March.
The prospect of extra funds from bumper World Cup revenue is likely to dissuade some FAs from making any discontent public.
Such a bonanza may also increase the chances of the US hosting another edition in the near future.
The next World Cup available for bids is the 2038 tournament.
At a reception on Friday, Trump confirmed his country’s eagerness for a repeat performance. “You should choose the United States of America again,” he said. “This time we will leave Canada and Mexico out.”
The US has also held talks with football regulator about hosting the Club World Cup in 2029.
On Saturday evening, VIP and hospitality packages for Sunday’s final between Spain and Argentina, which will be played in New Jersey, were still listed on the football regulator’s ticketing portal.
Tickets for the 'trophy lounge' were retailing at $34,500 per person.
The global football regulator was contacted for comment.
-The Gaurdian
