In 2021 FIFA posted a $312m net loss, though this was less than half of the previous year\u2019s $683m deficit. The organisation generated $766m revenue, but this was offset by $1.1 bln expenses, including $45m from the COVID-19 Relief Plan, partly offset by $45m net financial income.<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n However, it is important to note that FIFA operates in a 4-year cycle with the World Cup being the main driver of its revenue. In this way, the majority of its revenue is shown in the 4th year of the cycle, whereas football development expenditure is spread over all 4 years of the cycle.<\/em><\/p>\n As a result, FIFA has reported losses in each of the last 3 years, while 2022 is budgeted to generate a $1.2 bln profit to achieve the $100m target for the 4-year cycle in 2019-22. That would imply $4.6 bln revenue and $3.4 bln expenses in 2022 to produce the $1.2 bln profit.<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n To give an idea of the World Cup\u2019s importance to FIFA, the last few editions have all delivered substantial profits: Germany $1.6 bln, South Africa $2.4 bln, Brazil $2.6 bln and a record $3.5 bln from Russia.<\/em><\/p>\n Qatar\u2019s profit was budgeted at $3.7 bln, but this could be as high as $4.5 bln (partly due to lower costs for hosting the event in a small location).\u00a0 \u00a0<\/em><\/p>\n <\/p>\n <\/p>\n Which is why they don;t give a toss about any political issues, as they need the money.<\/p>\n <\/p>\n It’s the way the world is these days…….<\/p>\n <\/p>\n <\/p>\n <\/p>\n I did catch a bit of the Spain Germany game last night, and it was interesting to see little bits of the way Ange Postecoglou sets up Celtic, which was interesting, though there was a distinct lack of the signature Celtic style of passion and pace. and if I were to be interested in how the tournament progresses, that’s what I’d be looking at, although the competition is bloated by greed on and off the pitch, and that kind of spoils it.<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n Elsewhere, while we’re talking about greed, it looks very much like Michael Beale will replace Giovanni van Bronckhurst as manager of “rangers “.<\/p>\n <\/p>\n Negotiations are well under way, with the sticking point apparently being that Beale prefers to be known as Mick, which may offend a section of the Ibrox support , which is generally not noted for it’s respect towards other cultures .<\/p>\n <\/p>\n <\/p>\n It’s believed the board may risk having “mick ” on the managers door to get their man, but have told him to tell his assistants Sean, Declan and Timmy to fuck off.<\/p>\n <\/p>\n Neil McCann has told the Record he’s the man for the job, fenian name or not, in a desperate plea for a job at the revamped club\/company, and Barry Ferguson has chipped in his tax free tuppence as well.<\/p>\n <\/p>\n McCann seems to think telling the Ibrox players that they need to buck up should do the trick…..<\/p>\n <\/p>\n <\/p>\n![](\"https:\/\/substackcdn.com\/image\/fetch\/w_2912,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5969f61a-9622-42e1-9801-392e6dfade65_1920x1526.jpeg\")
<\/p>\n4-year Cycle<\/em><\/h2>\n
![](\"https:\/\/substackcdn.com\/image\/fetch\/w_2912,c_limit,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F388cb52d-e594-4c91-aca9-4767bb00dd8f_1992x1790.jpeg\")
<\/p>\nImportance of the World Cup<\/em><\/h2>\n
![\"Image\"](\"https:\/\/pbs.twimg.com\/media\/DMggHMeX0AEafa3?format=jpg&name=small\")
<\/p>\n","protected":false},"excerpt":{"rendered":"