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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