FIFA’s revenue for Qatar World Cup grows to $7.5 bn
FIFA’s revenue for Qatar World Cup grows to $7.5 bn
FIFA World Cup 2022: In the four years of commercial agreements related to the 2022 World Cup in Qatar, FIFA has reported to member federations that it generated record revenues of $7.5 billion. On Sunday, FIFA gave officials from more than 200 members a financial update. It represents a $1 billion increase above revenue from […] The post FIFA’s revenue for Qatar World Cup grows to $7.5 bn appeared first on News24 English.
FIFA World Cup 2022: In the four years of commercial agreements related to the 2022 World Cup in Qatar, FIFA has reported to member federations that it generated record revenues of $7.5 billion. On Sunday, FIFA gave officials from more than 200 members a financial update. It represents a $1 billion increase above revenue from the last commercial cycle related to the Russia 2018 World Cup. Commercial agreements with the nation hosting the World Cup helped to boost the additional revenue. In addition to new third-tier sponsors including Qatari bank QNB and telecom company Ooredoo, top-tier sponsor Qatar Energy has also joined. The majority of the broadcast agreements for this World Cup were made in 2011 during Sepp Blatter’s president and covered both the Russia and Qatar competitions. The post FIFA’s revenue for Qatar World Cup grows to $7.5 bn appeared first on News24 English.