FIFA is on pace for record revenue for a four-year cycle as it pushes to move to biennial World Cups.
Soccer’s global governing body said it notched 2021 revenue of $766.5 million in its annual report, a 187% increase from 2020’s $266.5 million.
- Marketing sales accounted for $131 million of FIFA’s 2021 revenue, namely due to $93 million in partnership agreements.
- Broadcast rights accounted for another $123 million.
- FIFA said it has already brought in $6.1 billion in the four-year cycle beginning in 2019, 95% of the way to its target of $6.4 billion — and that’s before this year’s World Cup in Qatar.
The organization’s total assets grew 21% in 2021 to $5.5 billion.
Despite facing widespread opposition, FIFA continues to push for biennial men’s and women’s World Cups. The annual report laid out financial incentives for its 211 member associations.
The organization proposed a $3.5 billion solidarity fund, which would supply an average of $16 million to each member organization. The fund would be fueled by a projected $4.4 billion revenue increase from doubling the frequency of the worldwide tournament.
Bundled with a 50% increase in existing funding mechanisms to $9 million for each member organization, FIFA said that its biennial plan would increase member distributions from $6 million to $25 million in the first four-year cycle.