FIFA’s income comes from the sale of television, marketing, hospitality and licensing rights, as well as ticket sales, according to data from the official website.
In the 2015-2018 financial period, FIFA’s revenues amounted to $6.421 billion.
Under the leadership of FIFA President Gianni Infantino, FIFA’s investments in football development have reached an unprecedented level during the period 2016-2022.
FIFA decided to strip Peru of the organizing rights of the U-17 World Cup 2023 due to the inability to fulfill its commitments and finish the necessary infrastructures to play the tournament. It was in May 2022, when the Peruvian government announced the holding of this World Cup for the second time, the first being in 2005. However, the stadium remodeling works to accommodate the 24 teams have not shown significant progressa fact that led FIFA to make this decision.
Through a statement via Twitter FIFA expressed “The measure was taken due to the inability of the host country to fulfill its commitments to complete the infrastructure required to organize the tournament. It has been determined that there is not enough time to secure the required investment and complete the necessary work.”
Said tournament would take place from November 10 to December 2, although it has been confirmed that It will not be postponed and will take place on the scheduled dates. But this is not the first time that FIFA has withdrawn a venue, a few days ago it surprised by removing the venue for the U-20 World Cup from Indonesia due to its reluctance to host the whole of Israel. After this news, Argentina sent its formal proposal to FIFA to host said tournamentbut there is still no official information, so it is expected that in the coming days the President of FIFA, Gianni Infantino, will choose the new host country.
The FIFA U-17 Men’s World Cup is held every two years and 24 nations compete against each other for the title. Mexico is one of the countries that has won the Sub-17as well as Nigeria, Brazil, Ghana, France, Russia, Saudi Arabia, Switzerland and England.
Although a World Cup usually represents an investment for the host country, in the end the World Cups bring quite a few benefits to FIFA. For example, ticket sales for the Qatar 2022 World Cup approached 3 million. Only the match between Argentina and Mexico received more than 88 thousand viewers, the most since the 1994 World Cup final in the United States.
But the entrance tickets are not his only income, since sponsors and television rights also remain in the hands of FIFA, and although for the Qatar 2022 World Cup he took care of all operating expenses such as prizes, event workers and transmissions, his income tripled especially after the new sponsorship agreements with Adidas, Coca Cola and Wanda.