While South Africa struggles to find uses for all those dazzling new World Cup 2010 stadiums it can't afford the upkeep on, at least the country won't have to worry about its friends at FIFA suffering through similar financial concerns. Or any financial concerns at all. Because Sepp Blatter and his boys have $1.2 BILLION locked away at the "non-profit" governing organization just for giggles.
From the AP:
FIFA President Sepp Blatter says it has reserves of $1.2 billion thanks to the 2010 World Cup in South Africa.
Blatter tells African football leaders that the financial results were better than the 2006 World Cup hosted by Germany. [...]
FIFA began the World Cup year with reserves of $1.06 billion.
FIFA said that money could sustain it for 18 months if a World Cup was canceled.
Blatter opened the Confederation of African Football assembly saying the continent should be proud of organizing the World Cup which helped Africa find more pride and confidence.
So, good job, Africa! All your investment and hard work really paid off...for FIFA.
I like how Sepp tries to justify that massive FIFA reserve fund by saying that it could sustain it for 18 months if a World Cup was canceled -- which wouldn't even happen in the midst of a Biblical apocalypse. So what will FIFA really use that obscene stockpile of cash for? Well, let's just say the Seppbot 4000 and his soul-sucking intake hole will be ready to serve as FIFA president for millenniums to come.
Photo: Reuters
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