FIFA banks record $2B revenue in 2014, turns total profit of $337M from World Cup in Brazil

SportsAssociated Press

FIFA says it earned record revenue of $2 billion last year, thanks to the World Cup's commercial power.

The governing body's annual financial report shows total profits of $337 million coming from the four-year cycle for the 2014 soccer tournament in Brazil.

Continue Reading Below

FIFA pocketed $140.7 million in profit in 2014 alone. It added $91 million to its reserves, which now stand at $1.523 billion.

It expects income to keep rising for the 2018 World Cup in Russia despite FIFA and the host country's reputation issues.

FIFA's expenses also soared, topping $5.38 billion in the past four years.

Last year, FIFA spent $261 million in World Cup bonuses to soccer bodies, $27 million buying a hotel in Zurich and $39.7 million rewarding senior officials.