Did you know what’s the best thing about football? That it is never going to end as long as people are crazy about it. The craziness and love of millions of people have made the football sport billions of dollars industry.
However, you might be curious to know how FIFA makes money while being a non-profit organization? Well, some of their ways are legit and some might be unethical or illegal.
Here in this blog post, we have busted 4 secret ways that FIFA uses to make money, but will never let anyone know.
Read till the end to know how Qatar bribed FIFA!
- FIFA invests a majority of its money back into the development of sports to create tremendous chances of earning potential more than before.
- According to the annual report of EA sports, they made $1.6 billion from FIFA games in a single year from April 2020 to March 2021
- “Hosting the FIFA World Cup does not bring any benefit” – according to several economists, it is a complete waste of money.
- Qatar & Russia had bribed the organization for $400 million to secure the hosting authority.
4 Ways FIFA Makes Money
1 – FIFA’s Flagship Products Allow FIFA Make Money
FIFA is more like a brand than any nonprofit organization. Like every business model, they also offer flagship products and services to FIFA lovers.
However, the fact that it only happens once every four years excites the football and FIFA fans. Moreover, they also have the authority to host the Women’s world cup which means they have almost everyone in their favor and left no one for criticism.
On the other hand, they generate the majority of their revenue via exclusive rights. As FIFA is the only rights holder, they allow broadcasting and television casting to broadcast the event and other related activities in their desired regions by selling licensing rights to them.
You will be surprised to know that last time in 2018, they made almost 55% of their total revenue only by selling exclusive rights that have approximately the worth of $2.5 billion.
2 – EA Sports FIFA Game
Did you know that FIFA makes a considerable amount of money from a video games?
If not, then here are the figures!
The financial report of the FIFA 2020 states that they made half of their total revenue only from video games which are quite impressive. They made almost $158.9 million from licensing rights and had total revenue of $266.5 million
You might be thinking how is that possible? Well, as we all know 2020 was the year when the pandemic situation of Covid-19 was at its peak and made it impossible for FIFA to generate money from any other way.
However, their key source of income was licensing rights and playing tournaments so that they can sell tickets and in the pandemic situation, both can be seen barely.
3 – Picking Bribe From Qatar & Russia For Hosting Rights From 2018 to 2022
After years of investigations and indictments, the law force of the US came to know that Qatar and Russia had bribed FIFA to secure the hosting rights for almost $400 million.
It is not an ethical way to make money, but still, it is one of the secret ways that FIFA has used to support its finances. The deadly virus Covid-19 has indeed unstabled the entire world. But, this will not change the fact that FIFA accepted the bribe from Qatar and Russia.
4 – Selling Tickets & Hospitality Rights
Another important element of FIFA’s income streamline is by selling tickets and hospitality rights. The interesting fact is that the rights of tickets are 100% owned by FIFA which means there are not any third-party involved.
According to a previous economic report, FIFA has made almost $712 million by selling hospitality rights and tickets only.
As long as football remains the favorite sport of the world, FIFA will grow with an incredible speed and it will be able to create more earning streams besides those ways that we mentioned. However, accepting bribes is not the one that we encourage
Frequently Asked Questions
How much money does FIFA make in 2020?
In 2020, FIFA has made more than $265 million from different income streams. But the majority comes from video games.
Which country makes FIFA the most money?
Russia, Brazil, & Germany are the top 3 countries that made hundreds of millions of dollars to FIFA.
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