'FIFA Coin' Project Announced at White House Crypto Summit – News Bytes Bitcoin News
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'FIFA Coin' Project Announced at White House Crypto Summit – News Bytes Bitcoin News
In an unlikely move, Gianni Infantino president of FIFA (Fédération Internationale de Football Association), announced that his organization is seeking to partner with crypto firms to launch a cryptocurrency dubbed “FIFA coin,” that takes advantage of the organization’s strong global brand, a $170 billion soccer industry, and the sport’s 5 billion fans. Infantino made the […]
European club revenues hit €26.8bn in 2023 but costs are rising, finds UEFA report - Inside World Football
March 7 – European football is raking in more cash than ever, but UEFA’s latest Club Licensing Benchmarking Report warns that clubs are walking a financial tightrope. While revenue hit a record €26.8 billion in 2023—up nearly €3 billion from the previous year—so did costs, squeezing operating margins across the board. Wages remain the biggest expense, with European clubs shelling out €18 billion on salaries in 2023. Some leagues, like Belgium a…
FIFA Approves $13 Billion Budget, Expands Global Football Investments
FIFA will invest nearly 90% of its record USD 13 billion budget for 2023-2026 in football development, following a unanimous decision by the FIFA Council in Zurich. The plan includes major investments in competitions, clubs, and grassroots programs worldwide, FIFA announced. A significant portion of the budget comes from the upcoming FIFA Club World Cup 2025, projected to generate USD 2 billion. Of this, USD 1 billion will be distributed to part…
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