FIFA reports $89M profit on $1.16B income in 2012
ZURICH (AP) — FIFA has reported a profit of $89 million for 2012 and has reserves of $1.37 billion.
FIFA published accounts that showed revenue of $1.16 billion last year and spending of $1.07 billion.
The 2012 report covers the second year of a four-year financial cycle for the 2014 World Cup in Brazil.
FIFA pays no tax on commercial income from the World Cup because of its status as a not-for-profit association in Swiss law.
Blatter's salary and benefits were not detailed.
He was among FIFA leaders and executives — defined as "key management personnel" — who shared payments totaling $33.5 million.