FIFA hopes to be in good financial health despite coronavirus

FIFA hopes to obtain the expected earnings in your four-year budget for 2019-2022 despite a reduction in revenue due to the coronavirus, the world soccer governing body said Wednesday.

The anticipated loss for 2020 has increased from $ 624 million to $ 794 million, before taxes, after changes to the international schedule of matches that cost about $ 200 million in revenue. At the same time, FIFA has committed to providing financial support to its members during the coronavirus crisis. Medium term, the agency believes the four-year budget will return the expected profit of $ 100 million.

Income is highly dependent on Qatar World Cup 2022, which is expected to generate more than $ 1.6 billion. The FIFA congress must approve the modified budget on September 18. The 211 member nations will meet telematically and may approve the use of this format instead of face-to-face meetings going forward.