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4/13/2017

Topic Reading-Vol.1828-4/13/2017

Dear MEL Topic Readers,
FIFA loses nearly £300m in 2016 and scheduled to lose further £400m in 2017
What do you think was the world most watched match or event? According FIFA, the federation of International Football Association in English, the 2014 FIFA World Cup Brazil games were watched by 3.2 billion viewers around the world, and its final game alone was viewed by one billion people. No wonder why the world most lucrative sports organization generated a revenue of $4.8 billion for the four-year period, and leaving a staggering amount of gross profit, $2.6 billion.
So how come that rich organization lost money in 2016 and is projected to lose more in 2017?
The reason is simple. They are spending more money than they earn. Then on what?
Enjoy watching the video to find how expensive corruption is to the organization and those who received the money. 

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