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Fifa boss Gianni Infantino now earns as much as the head of a major industrial group or a medium-sized bank in Switzerland.
When you look at the salary of the FIFA President, you see that it increases gradually: in 2022, the flexible part increased by half a million, and in 2023, the fixed salary increased.
Last year he received a salary package of 4.13 million francs; The previous year this figure was 3.6 million. The increase is impressive: in 2021, the president’s total compensation was 3 million, now it is over 4 million; an increase of almost 40 percent in three years.
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This article was first published on the paid service of handelszeitung.ch. Blick+ users have exclusive access as part of their subscription. You can find more exciting articles at www.handelszeitung.ch.
Bonus remains constant
The increase in wages is explained by a sharp increase in the basic wage: it increased by 500,000 francs to 2.46 million. By contrast, Infantino’s bonus of 1.65 million francs remained constant.
Fifa was even more generous under his predecessor Sepp Blatter. At the 2014 World Cup, he received a base salary of 3 million and was offered a bonus of 12 million; However, this was not paid because FIFA took action after the change of president and canceled the fictitious subsidy.
The Secretary General’s salary remained constant
While President Infantino’s compensation increased with each passing year, Secretary General Fatma Samoura’s compensation remained at its previous level. Last year it collected 1.9 million, of which 1.3 million were flat. 2023 was his FIFA final; He resigned almost quietly in December. The former UN team member never really found his feet in the football world.
As expected, things turned out pretty badly in 2023, a year without a World Cup. The association has invested heavily in women’s football: last year’s World Cup alone cost 470 million. This figure was three times that in 2019. Infantino also heavily subsidized bonuses given to players, clubs and national teams. In 2015, they had to make do with 15 million, in 2023 three times more flowed into their coffers.
As a result, there was a net loss of 390 million in the entire FIFA treasury in 2023. Zero problems for the organization: The previous year, thanks to the Qatar World Cup, profits were $2.4 billion. However, the taxes payable at the Zurich headquarters location were different in 2023: 22.7 million francs in 2022 and 500,000 francs last year.
EM and World Cup have impact on figures
Fifa’s figures are largely dependent on the World Cup, the most important tournament organized by Fifa. In a World Cup year, money flows, particularly for TV rights, generating billions in revenue for FIFA.
That’s why Infantino continues to expand his Cashcow World Cup business by recruiting more teams to increase TV revenue. The World Cup in 2026 in the USA, Mexico and Canada will most likely be an excellent event: sales are expected to be around 14 billion; This means twice as much as Qatar. Current reserves of almost 4 billion will then skyrocket and Infantino’s bonus will likely do the same.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
