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Cash boost

Zanzeer Singh
Wednesday, June 18, 2014

THE Fiji Football Association is expecting a big windfall from the 2014 FIFA World Cup with part of the surplus generated from the tournament to be shared among the member nations.

Fiji FA president Rajesh Patel, who attended the 64th FIFA ordinary congress in Sao Paulo, Brazil last week, said they expected a bonus of about $460,000 at the end of the tournament.

Patel said another bonus of about $919,000 was expected next January.

"The bonuses are given for development projects after each World Cup," he said.

"We may utilise this money for the build-up of our under-20 team for next year's World Cup in New Zealand. I had fruitful talks with the presidents of the United States, Mexico and Brunei for tours for our team. There were talks with the Caribbean executives. We will have to look at the logistics first for the tour. The Oceania Football Confederation is helping us greatly to get our boys a formidable tour."

Meanwhile, the world governing body is set to invest about $1.65billion in football development during the 2015-2018 cycle.

According to FIFA.com, this represents 56 times more than the amount invested in the 1995-1998 cycle, when some of the flagship development initiatives were originally launched.

The budget is used as follows: 41 per cent on financial assistance, 30 per cent on development project funding, 18 per cent on education and technical support, 8 per cent on development services and 3 per cent on medical.

The key priorities for the new term are: doubling of women's football development funds; support to new and existing national youth competitions; multiply by five the capacity to provide football equipment on priority projects such as youth, women's football, grassroots, futsal and beach soccer; increase the financial support to member associations for youth tournament qualification rounds; strengthening of football's information system and increase the investment on football's information system.

A total of $1.1m will be the standard goal project allocation as of 2015. This represents an increase of 50 per cent since 2010. So far FIFA has supported 668 goal projects in 202 member associations for an overall investment of about $522m.

According to FIFA's 2013 financial report, about $336m went into funding football development and corporate social responsibility projects during the past year.

About $3.6billion has been provided by FIFA to its member associations and confederations since 1999.

All 209 member associations and six confederations have benefited from FIFA's financial support which has contributed to increasing football's unique popularity.





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