News

Actions

FIFA reports $122M loss in 2015

Posted: 1:12 PM, Mar 17, 2016
Updated: 2016-03-17 17:12:25Z

ZURICH (AP) — FIFA says it paid Sepp Blatter $3.76 million in 2015, and the governing body reported a loss of $122 million for a year blighted by scandal.

After years of secrecy about presidential pay, FIFA finally revealed Blatter's salary in its latest annual accounts published Thursday.

Blatter, who was suspended on full pay last October and later banned for unethical conduct, had a base salary of $3 million but received no performance bonus in 2015.

FIFA's loss, it's first since 2002, was expected after failing to sign any new World Cup sponsors.

Despite the corruption crisis, FIFA's total income was $1.152 billion in 2015. Expenses of $1.274 billion included spending $61.5 million on "legal matters."

FIFA's reserves fund fell by $183 million to $1.34 billion.