tag:blogger.com,1999:blog-7872824415409488471.post5038919734788366557..comments2010-06-19T20:51:39.964-07:00Comments on WNEC World Cup 2010 Blog: It was the best of times, It was the Worst of timesTim Conrodhttp://www.blogger.com/profile/12736486675378901791noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7872824415409488471.post-79403934392155910592010-06-11T08:25:45.442-07:002010-06-11T08:25:45.442-07:00Glad everything is going well so far...nice to hea...Glad everything is going well so far...nice to hear the "food" report, Tim! What a terrific adventure and you must be psyched for today's match.<br /><br />Just thought you might want to share this with everyone....From the Sports City newsletter released yesterday..."FIFA has announced it made a profit of $196 million in 2009 and has equity of over $1 billion thanks to growing income from the sale of television rights.<br /><br />The vast majority of revenue was brought in by television which netted FIFA $650 million, while marketing accounted for $277 million to leave the governing body with a equity basis of $1,061 million.<br /><br />"While equity of over a billion dollars seems high, it is necessary as the financial risks exceed it many times over," said Franco Carraro, chairman of the internal audit committee.<br /><br />"The figure is only enough to cover the next year and a half."<br /><br />FIFA also revealed that revenue for the period 2007-10 was 12 times greater than for the period 1995-98, an increase from $257 million to $3,200 million.<br /><br />In addition, FIFA president Sepp Blatter announced that spending on the development programmes across the globe had grown from $14m for 1995-98 to $691 million for 2007-10.""<br /><br />The lesson for us all...sports is truly BIG BUSINESS and international in scope! Thanks for the update, Tim and company. Can't wait for the next....my greetings to all.<br /><br />Dr. Walker - "The 14th Delegate"DWhttps://www.blogger.com/profile/02288275090841235253noreply@blogger.com