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2010 World Cup a financial success: FIFA

04/03/2011 05:27:17 AM Comments (0)

FIFA President Sepp Blatter has hailed Africa's first World Cup as a financial success, after it pushed the governing body's four-year revenues above $US4 billion ($A3.94 billion) for the first time.

Blatter claimed it vindicated the choice of South Africa despite fears the decision to bring football's biggest tournament to the continent was a financial risk.

"I am the happiest man to announce that the World Cup in South Africa was a huge, huge financial success for everybody, for Africa for South Africa, for FIFA," he told journalists after an executive committee meeting.

"For the first time in FIFA's four-year accounts we are over $US4 billion."

FIFA, a non-profit association under Swiss law, earned $US4.189 billion ($A4.13 billion) in its 2007 - 2010 financial period, with a surplus of $US631 million ($A622 million), deputy secretary-general and finance chief Markus Kattner said.

Eighty-seven per cent of total revenues - $US3.655 billion ($A3.6 billion) - over the period were related to the 2010 World Cup.

Traditionally the bulk of earnings are down to deals on broadcasting rights worldwide and marketing or sponsorship contracts.

"The sale of television and marketing rights was more successful than expected," Kattner underlined.

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