This article’s aim is to answer the following questions:
What is FIFA?
What is The World Cup?
How much is FIFA worth?
What events does FIFA manage?
FIFA stands for: Federation Internationale de Football Association (in French). And in English, it’s translated as the “International Federation of Association Football.” This organization was founded in Paris on May 21st, 1904 and has its headquarters in Zurich, Switzerland.
The main duty of FIFA is to govern the world of football (soccer), futsal and beach soccer. There are over 209 national men’s soccer teams in FIFA, and 129 women’s national teams. Another responsibility of FIFA is to organize major international tournaments (i.e. the World Cup). As a governing body, FIFA has bylaws and its supreme body is the “FIFA Congress” which is made up of representatives from each affiliated member association.
FIFA also recognizes 6 confederations which oversee the game of football (soccer) in the different continents. These are:
- AFC – Asian Football Confederation
- CAF – Confederation of African Football
- CONCACAF – Confederation of North, Central American and Caribbean Association Football
- CONMEBOL – Confederacion Sudamericana de Futbol
- OFC – Oceania Football Confederation
- UEFA – Union of European Football Associations
The FIFA World Cup is an international football (soccer) competition by the men’s national teams. It is played every four years and the first tournament was held in 1930. The tournament was not played in 1942 and 1946 because of World War II.
The tournament involves 32 teams. The venue differs each time and the 20th World Cup Tournament is being held in Brazil. Of the 19 previous World Cup tournaments, only 8 nations have won the title. Brazil has 5 wins and Italy has 4.
The 2018 World Cup will be held in Russia and the 2022 World Cup will be held in Qatar.
The 2006 Final match had an estimated 750.1 million people watching (1/9th of the Entire Population of the Planet).
How Much Is FIFA Worth:
FIFA’s Annual Financial Report is listed on their website (www.FIFA.com) and their 2013 annual revenues are about $1.386 Billion with expenses of $1.314 Billion. It also has Assets of about $3.165 Billion.
In 2012, FIFA had total annual revenues of $1.166 Billion and Expenses of $1.077 Billion.
With numbers like this – the organization is doing perfectly fine and no wonder the players are kept financially healthy if they play in the world cup.
FIFA Sporting Events:
Men’s > FIFA World Cup, FIFA Confederations Cup, Football at the Summer Olympics, FIFA U-20 & U-17 World Cups, FIFA Club World Cup, FIFA Futsal World Cup, FIFA, Beach Soccer World Cup, Blue Stars/FIFA Youth Cup
Women’s > FIFA Women’s World Cup, FIFA U-20 & U-17 Women’s World Cups