FIFA register $700m extra revenue in latest filings —source

FIFA have posted a better than expected $ 6 . 4 billion (5 . 65 billion euros ) turnover for the financial period of 2015- 2018 allowing for $ 2 . 74bn in back -up , a source told AFP on Wednesday.

FIFA announced a revenue of $ 5 . 72bn for the previous cycle between 2011- 2014 with $ 1 . 52bn in reserve.
The results are higher than those projected last June before the start of the World Cup held in Russia .

Facing the worst corruption in its history in 2015 and after a variety of big sponsors ended their deals , experts were sceptical about the governing body’ s capacity to reach its targets .

The reserves , which in theory allow FIFA to cope with a possible cancellation of a World Cup , have grown from the June- announced $ 1 . 65bn figure .

President Gianni Infantino was elected in February 2016 , succeeding the suspended Sepp Blatter on the promise of increasing the financial investment in developing football with his ‘ Forward ’ programme .

He will be the sole candidate in June’ s election held during FIFA ’ s congress .

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