Uncategorized
FIFA RESERVES SOAR TO $2.7B, REVENUE AT $6.4B
FIFA’s cash reserves soared to a record $2.74 billion and revenue climbed to $6.4 billion in the four-year period covering the 2018 World Cup, The Associated Press has learned.
The robust financial results suggest FIFA has weathered the deepest crisis in its history, which erupted in 2015 when a United States-led criminal investigation led to the arrests and later convictions of high-ranking officials on corruption charges.
FIFA President Sepp Blatter also was deposed as FIFA president in a financial misconduct case that left the governing body’s reputation in tatters and caused a backlash from sponsors.
After being elected as Blatter’s successor in 2016, Gianni Infantino said that “FIFA was clinically dead as an organization.”
Although Infantino’s leadership has come under criticism from within European governing body UEFA, Infantino will be able to show the budget is in a healthy state, and he is due to be re-elected unopposed in June for a four-year term.
The 2015-18 finances obtained by the AP exceed the forecasts presented to the FIFA Congress last June. While FIFA projected cash reserves to increase to $1.653 billion in the 2018 World Cup cycle, they had grown to $2.74 billion at the end of 2018, according to people with knowledge of the finances.
The people spoke on condition of anonymity because the financial results remain confidential.
FIFA’s reserves at the end of the 2014 World Cup cycle were $1.523 billion after generating $5.718 billion after the tournament in Brazil.
Amid of corruption crisis of 2015, FIFA modestly targeted raising $5 billion by the end of the Russia World Cup, a projection later raised to $6.1 billion. Those expectations were eclipsed when the four-year cycle ended with revenues of $6.4 billion, according to the people with knowledge of the financial report, which shows profit of around $1 billion.
The record revenue was achieved despite FIFA not filling its full slate of sponsors for the 2018 World Cup. Several sponsors did not renew after the 2014 tournament in Brazil.
Sheikh Salman Bin Ibrahim Al-Khalifa, an opponent of Infantino in the 2016 vote, had warned Infantino’s plan to increase payouts to member associations would “bankrupt” FIFA, but that has not transpired.
In the 2011-14 World Cup cycle, FIFA’s accounts showed just over $1 billion was spent overall on development projects with $538 million going to the Financial Assistance Programme for national associations and confederations.
In the 2015-18 cycle, investment dedicated to FIFA’s new Forward development program was $1.079 billion of which $832 million had been approved and committed to member associations, confederations or regions by the end of last year, according to a financial document seen by the AP. Between May 2016 and December 2018, 941 specific projects were funded in 179 of the 211 member associations at a cost of $270.3 million. There are a range of handouts: from $30,769 to train female football administrators in South Africa to $2.25 million on youth development in Peru.
FIFA proclaims it has far more rigorous system of financial controls designed to guard against further corruption scandals. FIFA rejected 201 of the 1,978 funding applications received in the four-year cycle.
FIFA is also trying to secure backing to expand the Club World Cup and develop a Global Nations League, a mini-World Cup for national teams, to further boost revenue. But Infantino’s hopes of obtaining $25 billion in guaranteed finances from backers, including Japan’s SoftBank, have stalled over European opposition to the formats and funding.
Even without that additional income, FIFA said in its financial report that the success of the 2018 World Cup has provided “strong financial resources” to enable it to raise Forward funds by $667 million to $1.746 billion in the 2019-22 cycle.
Each member association can apply for up to $6 million over the 2019-22 cycle, while each of the six confederations receives $48 million. In addition, $62 million is available for zonal or regional associations if they organize at least five youth and women’s competitions per year.
News of the soaring FIFA reserves comes amid ongoing questions about the lack of parity for World Cup prize money between the men’s and women’s tournaments.
France earned $38 million from FIFA for winning the men’s World Cup last July but the women’s champion this July will earn $4 million. That is double the amount collected by the U.S. Soccer Federation in 2015, a rise in line with the overall prize money jumping to $30 million. The fund for the World Cup in Russia rose 12 percent to $400 million and that jumps to $440 million for the 2022 tournament in Qatar.
FIFA has acknowledged concerns of female players about the financial disparities while pointing to funding to grow the women’s game.
“The vast majority of women’s football players across the world are still amateur,” Sarai Bareman, FIFA’s chief women’s football officer, said when the prize money for France was agreed last year. “That’s the most important thing for us. If we want to build the whole ecosystem of the women’s game it has to start there.”
Infantino is costing FIFA less than his predecessor.
Infantino last year earned a salary of $1.9 million and a bonus of $550,000, according to one of the people with knowledge of the finances. Infantino earned $1.61 million in 2017 without a bonus.
Blatter’s basic salary of $3 million in 2015 was topped up by an $11 million contractual bonus for the 2010 World Cup and $12 million for the 2014 edition. His contract included a $12 million performance bonus he would have earned had he completed a 2015-19 presidential term.
By George Akpayen
The finish line is now in sight in this season’s Nigeria Premier Football League (NPFL), and much of the talk has centred on the title race and those at the other end of the table, which surprisingly include last season’s champions Remo Stars.
However, there is another race shaping up among the leading top scorers this season, and this could see as many as six or more players going head-to-head in the final six matchdays.
Top contenders in the race for the battle for the golden boot are Enugu Rangers’ striker, Godwin Obaje and Ikorodu City winger Joseph Arumala, who have scored 11 goals apiece.
On the tails of the top-two scoring individuals are Victor Mbaoma (Remo Stars), El-Kanemi Warriors midfielder Daddy Abdulrahman, Katsina United’s Uche Collins and Emeka Obioma of Abia Warriors, all on 10 goals each.
THE PERFORMANCE BREAKDOWN
Out of the top-six leading scorers, Obaje, Arumala and Mbaoma have more direct goal involvement. Obaje and Arumala have 11 goals and two assists each, while Mbaoma has 10 goals and assists from 23 appearances, which is the least number of matches featured in among the leading scorers. Mbaoma missed most of the early parts of the season due to bruised ribs.
El-Kanemi Warriors midfielder Abdulrahman has made the most appearances among the top-six scorers and has a 12-goal direct involvement (10 goals + two assists).
Obioma is however, the only top-six scorer who is yet to register an assist this season after 26 appearances for Abia Warriors.
Interestingly, Collins is the only top-six scorer who has netted a hat-trick this season so far.
THE CHASING PACK
There is also the chasing pack in the race for the Golden Boot. One of them is Plateau United winger Temitope Vincent Adebayo, who has scored nine goals. Sodiq Ibrahim (3SC), Enyimba striker Chidera Michael, and Igbunu Evwierhurhoma of Warri Wolves.
The variety of players in the chasing pack also makes the race intriguing as they have been consistent goal scorers in recent matchweeks. They are definitely breathing down the necks of the frontrunners.
There are also the outsiders in the race. Jonathan Mairiga of Wikki Tourists, Chidozie Iwundu (Rangers) and Bendel Insurance duo of Kayode Oke, 3SC’s Qamar Adegoke and Alex Oweilayefa – all on eight goals. On seven goals is Kano Pillars legend Rabiu Ali.
WORTHY MENTION
However, Iwundu deserves a big mention among the top scorers as he is the top-scoring defender. He has made 29 appearances for Rangers and has been booked three times and sent off once.
Iwundu’s goalscoring form from his centre-back role has also been important for his club in their title aspirations this season, and his team will hope his form can continue into the final six matchdays.
No doubt, there will be twists and turns for individual glory in a race that is still wide open. Fixture difficulty, favourable run-in, struggling defences and hunger in front of goal are surely going to be among the factors that would decide who wins this race in an unpredictable league. At this point, nothing is guaranteed as all top marksmen are odds-on to claim the top individual prize.
Join the Sports Village Square channel on WhatsApp: https://whatsapp.com/channel/0029Vaz7mEIGk1FxU8YIXb0H
A dramatic World Cup playoff clash between DR Congo and Jamaica took an unusual turn when referee Facundo Tello was forced to abandon the match late in extra time after sustaining an injury.
The incident occurred deep into the second half of extra time, when the Argentine official suddenly blew his whistle to halt play, leaving players from both sides momentarily confused. What followed was a rare and surreal scene, as players gathered around not for a foul or confrontation, but to assist the injured referee.
Tello appeared to be struggling with a calf problem and required attention on the pitch, even as some players — mindful of the ticking clock — urged for a quick resumption of play. The stoppage stretched on, drawing audible frustration from the crowd, whose boos echoed around the stadium.
After several minutes of treatment, it became clear the referee could not continue. Moving gingerly with his hand on his calf, Tello made his way to the touchline, where he was replaced by the fourth official to oversee the remainder of the encounter.
From the sidelines, the injured referee watched as the match reached its conclusion, culminating in jubilant celebrations from the DR Congo players following their hard-fought victory over Jamaica.
The unusual interruption added another layer of drama to an already intense playoff, highlighting the physical demands not only on players but also on match officials in high-stakes encounters.
Join the Sports Village Square channel on WhatsApp: https://whatsapp.com/channel/0029Vaz7mEIGk1FxU8YIXb0H
Nigeria’s head coach, Eric Chelle, has named a 23-man squad for this month’s international friendly matches against the Iran national football team and the Jordan national football team, with star striker Victor Osimhen notably absent from the list.
In Osimhen’s absence, Chelle has retained a strong core led by captain Wilfred Ndidi, alongside midfield playmaker Alex Iwobi and reigning African Footballer of the Year Ademola Lookman.
Friendlies Moved to Turkey Amid Security Concerns
The Super Eagles will now face Iran on March 27 before taking on Jordan on March 31, with both matches scheduled to be played in Antalya, Turkey.
Originally billed for venues in Amman, including the Amman International Stadium and King Abdullah Sports City Stadium, the fixtures were relocated following the outbreak of military conflict in the Middle East.
Kick-off times are set for 4 pm local time against Iran and 8 pm local time against Jordan.
Key Players Return, New Faces Earn First Call-Ups
Chelle has also recalled several established names, including goalkeeper Maduka Okoye, defender Oluwasemilogo Ajayi, and midfielder Frank Onyeka.
In attack, the coach has options in Moses Simon, Samuel Chukwueze, Akor Adams, and Paul Onuachu.
There are also first-time invitations for Scotland-based defender Emmanuel Oluwasegun Fernandez, Germany-based forward Philip Otele, and Belgium-based attacker Collins Yira Sor, a former youth international.
Goalkeeper Adebayo Adeleye also returns to the squad.
Focus on Squad Depth
The friendlies present Chelle with an opportunity to test squad depth and integrate new players ahead of future competitive fixtures.
With Osimhen missing, attention will be on how Nigeria’s attacking unit adapts, particularly with Lookman expected to play a leading role in the forward line.
The matches against Iran and Jordan will provide crucial preparation for the Super Eagles as they continue rebuilding following their disappointment in the 2026 FIFA World Cup qualification campaign.
23 SUPER EAGLES FOR FRIENDLIES MATCHES AGAINST IRAN & JORDAN
Goalkeepers: Maduka Okoye (Udinese FC, Italy); Adeleye Adebayo (Volos FC, Greece); Francis Uzoho (Omonia FC, Cyprus)
Defenders: Calvin Bassey (Fulham FC, England); Oluwasemilogo Ajayi (Hull City, England); Bright Osayi-Samuel (Birmingham City, England); Bruno Onyemaechi (Olympiakos, Greece); Zaidu Sanusi (FC Porto, Portugal); Igoh Ogbu (Slavia Prague, Czech Republic); Emmanuel Fernandez (Glasgow Rangers, Scotland)
Midfielders: Alex Iwobi (Fulham FC, England); Frank Onyeka (Coventry FC, England); Wilfred Ndidi (Besiktas FC, Turkey); Raphael Onyedika (Club Brugge, Belgium); Fisayo Dele-Bashiru (SS Lazio, Italy)
Forwards: Ademola Lookman (Atletico Madrid, Spain); Samuel Chukwueze (Fulham FC, England); Simon Moses (Paris FC, France); Chidera Ejuke (Sevilla FC, Spain); Paul Onuachu (Trabzonspor AS, Turkey); Akor Adams (Sevilla FC, Spain); Philip Otele (Hamburger SV, Germany); Collins Yira Sor (KRC Genk, Belgium)
Join the Sports Village Square channel on WhatsApp: https://whatsapp.com/channel/0029Vaz7mEIGk1FxU8YIXb0H
- World Cup1 week ago
World Cup Fans, Players And Officials Face $15,000 Visa Bonds to Enter U.S.
- AFCON5 days ago
AFCON to Expand to 28 Teams as CAF Unveils New Competition Calendar
- World Cup3 days ago
Infantino promises FIFA backing for Iran to play at World Cup
- World Cup1 week ago
Jamaica Edge New Caledonia to Set Up Decisive World Cup Showdown with DR Congo
- AFCON5 days ago
CAF May Sanction Senegal Over AFCON Trophy Parade
- Governing Bodies5 days ago
BREAKING! Nigeria’s Samson Adamu Appointed Acting CAF General Secretary
- Table Tennis4 days ago
Aruna Faces Tough Draw as Africa Targets Glory at ITTF World Cup in Macao
- World Cup1 week ago
New Zealand players willing to play World Cup opener against Iran outside the US