FIFA coffers at all-time high after weathering corruption scandal
China Daily | Updated: 2019-03-07 07:37
LONDON - FIFA's cash reserves soared to a record $2.74 billion and revenue climbed to $6.4 billion in the four-year period covering the 2018 World Cup.
The robust financial results suggest FIFA has weathered the deepest crisis in its history, which erupted in 2015 when a United States-led criminal investigation led to the arrests and convictions of high-ranking officials on corruption charges.
Sepp Blatter also was deposed as FIFA president in a financial misconduct case that left the global governing body's reputation in tatters and caused a backlash from sponsors.
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