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FIFA losses $369 million in 2016; targeting $1 billion profit in 2018

FIFA losses $369 million in 2016; targeting $1 billion profit in 2018

Saturday, April 8, 2017, 10:34 AM

FIFA finances showed a loss of $369 million last year as American and Swiss corruption investigations added legal costs to the soccer body's budget and scared off sponsors. An even bigger loss is expected next year, FIFA said Friday after publishing its 2016 accounts, which reflect a new way of reporting income. FIFA expects to rebound with $1 billion in profit in the accounts in 2018.
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