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Sport2024-03-16 19:36:00

FIFA "empties the coffers", increases the president's salary by 33%; Infantino benefits from the frightening figure

Shkruar nga Pamfleti

FIFA "empties the coffers", increases the president's salary by

FIFA has increased the basic salary of the President, Xhani Infantino, by 33% last year and now the Swiss's salary is 4.67 million dollars, writes " ESPN ".

The 54-year-old was elected unopposed at the helm of world football's highest body in March last year, before FIFA staged the Women's World Cup in Australia and New Zealand and selected candidates to host the two World Cups. Men's World Cup, including the 2034 edition to be held in Saudi Arabia.

Gianni Infantino's base salary increased by more than $565,000 last year. His annual bonus was $1.87 million, the same as in 2022 when the men's World Cup was played in Qatar.

Former FIFA president Sepp Blatter had a contract bonus worth $12 million for the 2014 World Cup, on top of a base salary of $3 million including annual bonuses.

Infantino had a home in Qatar, where he kept a close eye on preparations for the 2022 World Cup, but now spends time in Florida, where FIFA has its offices in Coral Gables, where the United States will host the 2026 World Cup. along with Canada and Mexico. Florida does not have a state income tax.

FIFA has a revenue budget of $11 billion for the three-year cycle (2023-2026) with Saudi sponsors, including state oil firm Aramco, expected to join long-time partners Coca-Cola, Adidas and Visa. The 2026 World Cup will be the first with 48 teams and will play a total of 104 matches.

FIFA paid CEO General Secretary Fatma Samoura $2.15 million in her final year, the same salary she was getting in 2022. She was getting a $1.47 million salary and a $670,000 bonus before she left in December.

Infantino has operated as an executive leader despite recommendations from a reform panel, set up after corruption scandals in 2015, that the FIFA president should have a more prominent role. That reform group also insisted on publishing details of management salaries.

FIFA salaries are raised by a compensation panel chaired by Mukul Mudgal, a retired referee from India who oversees governance and compliance at the soccer body, for which he was paid $250,000 last year.

Payments to the 37-member FIFA Council remained the same. The six vice-presidents who lead continental football bodies received a net sum of $300,000 plus expenses. Other members received $250,000 plus expenses per year.

The president of European soccer body UEFA, Aleksander Ceferin, was also paid a gross salary without bonuses worth almost $3.26 million, according to the financial report released last month.

The chief executive of the English Premier League, Richard Masters, the most profitable domestic soccer league, had a salary of £1.8 million ($2.3 million) in 2022.

The majority of FIFA's commercial revenue is linked to the men's World Cup and will be accounted for in 2026.

In 2023, the year of the Women's World Cup, FIFA said it had revenue of $1.17 billion, with $456 million from marketing deals and $267 million from broadcasting. Ticket and hospitality sales for the 32-team, 64-game women's tournament were $43 million.

FIFA said it spent and invested almost $1.75 billion in 2023, with $499 million for the Women's World Cup. Payments to participating teams, players and their releasing clubs rose to $152 million.

FIFA now pays each of its 211 member confederations up to $8 million every four years, and this program was worth $470 million in soccer development funding last year.

Financial reserves fell to almost $3.6 billion, FIFA said, describing the total as "a very solid level." It should fall in each of the next two years and then rise again in 2026./ Taken by ESPN , adapted in Albanian, / Pamphlet

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