June 17, 2024

’23 Women’s World Cup: FIFA announces record profit

The Federation of International Football Associations (FIFA), has announced that it generated a record $570 million from the 2023 Women’s World Cup currently taking place in Australia and New Zealand.

Speaking at the FIFA Women’s Football Convention on Friday, FIFA President, Gianni Infantino, said the FIFA Women’s World Cup 2023™ has transformed the face of women’s football.

Commenting on the demands for equal prize money, he said the calls were a “slogan” that “would not solve anything”.

 

“Let us really go for full equality. Not just equal pay in the World Cup, which is a slogan that comes up every now and then,” he said.

“Equal pay in the World Cup, we are going in that direction already.

“But that would not solve anything. It might be a symbol but it would not solve anything, because it is one month every four years and it is a few players out of the thousands and thousands of players. We need to keep the momentum. We need to push it. We need to go for equality but we have to do it for real.

“And our opinion was, ‘Well, if we have to subsidize, we will subsidize’, because we have to do that. But actually, this World Cup generated over $570 million in revenues, and so we broke even.”

Infantino said FIFA did not lose money, adding that “we generated the second-highest income of any sport, besides of course the men’s World Cup, at a global stage”.

“More than half a billion. There are not many competitions, even in men’s football, who generate more than half a billion.”

Mr Infantino added that the tournament’s success had supported the decision to enlarge the tournament from 24 to 32 teams. “FIFA was right,” he said. “By increasing number of teams, we had eight debutants, we had many countries who suddenly realised they had a chance to participate. Now, everyone has a chance to shine on the global stage.”

England will face Spain later on Sunday, 20/08/2023, as the FIFA Women’s World Cup 2023 comes to an end in Australia and New Zealand.

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