GFA To Get $750,000 From FIFA

Ghana Football Association (GFA) and the 208 other members of FIFA are to receive $750,000 financial support each from the world�s football�s governing body. FIFA plans to pay out $200 million in total bonuses to its national members and confederations from its World Cup revenue of an estimated $4.5 billion. Each of the 209 member countries will get $250,000 this month and should get a further $500,000 early next year, FIFA�s Finance Director, Markus Kattner, told the governing body�s congress on Tuesday. The six continental bodies will get $2.5 million this month and $4.5 million more next year. Kattner said the bonuses must be approved by independent audit panel chairman, Domenico Scala, but that there is no reason to think the extra payments won�t be made. These payments are not part of the FIFA Goal Project funds which are usually provided to support a member association�s development projects. The planned bonuses are a $200,000 raise compared to the payments made after the 2010 World Cup when each FIFA member got a total of $550,000. Then, the six confederations received a total of $5 million each. FIFA expects improved revenue of $4.5 billion for the four-year commercial cycle tied to the 2014 World Cup. It had budgeted to earn $3.8 billion. Kattner said FIFA expects to earn $5 billion in the cycle leading to the 2018 World Cup. A total of $2.7 billion should come from broadcasting rights sales, and $2.3 billion from sponsors and licensing. FIFA has budgeted to spend $4.9 billion through 2018, with $100 million added to its reserves. FIFA�s reserve fund is currently more than $1.4 billion.