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101221tt 10 12 21 21 Dec 2010 The Times

Self-satisfied Sepp Blatter hands over R680 million to SAFA as a reward for a successful world cup

Fifa’s overall profits from the World Cup 2010 are an estimated US $ 3.2 billion coming exclusively from sponsorship deals and television rights. Ticket sales revenue was over R5 billion rand. Part of the deal is to provide a bonus to the host country. Fifa gave a total of about R680 million to South Africa. R130 million helped to finance the building SAFA house. The remaining amount will be put into a trust fund (2010 FIFA Legacy Trust). The goal of the fund is to develop South African football. While this looks generous, it is less than 1% of profits that FIFA made from the 2010 world cup.

Zapiro's cartoon compares this 'bonus donation' with a man tipping a prostitute.

Sank you bye bye

.. Here I almost forgot

2010 Profits

FIFA 2010 Bonus Profits Football development SAFA Sepp Blatter Jacob Zuma

Fifa gives SA an end-of-year bonus
Fifa not a circus, says Blatter, as he hands over R560m
 
 
 
 

tt 20101221tt Dec The Times /Cartoons/m_101221tt.jpg 101221tt Cartoons The Times Year-2010 Year-2010-12 SA Cartoons

 
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