Soccer's Impact on the Global Economy:
FIFA is a global Power.
Global soccer is a
multi-billion dollar industry and FIFA presides over it all.
The world Cup is a “quadrennial cash cow” for the organization.
FIFA earned $5.72 billion from 2014 World cup,it currently holds cash reserves of approximately $1.52 billion.
FIFA has the power to impact the economies of a small number of nations by granting them the right to host the World Cup.
FIFA distributes funds to its 209 member nations via grants each year,through the Financial Assistance Program (FAP), of $250,000.
FIFA is a multi-billion dollar corporation with the power to create millions of jobs and inject billions of dollars into a nation’s economy.