The event that dominated life around the world in 2020 also inevitably had a significant effect on FIFA’s operations. COVID-19 devastated lives and livelihoods everywhere, and our sport was not immune. At the peak of the pandemic, football had stopped in 207 of FIFA’s 211 member associations.
However, COVID-19 also highlighted the solidarity in our football family. FIFA reacted quickly to alleviate the impact of the crisis and set up a global financial relief plan with a
budget of USD 1,500 million to help members of the football community.
This was an unprecedented mobilisation of emergency funding in sport that could not have been possible without the expert financial management of recent years. It should be
recognised that FIFA had been working hard long before the coronavirus came along to develop the reserves for just such a threat to our sport.
FIFA’s proactive approach to tackling the pandemic also included a donation of USD 10 million to the World Health Organization’s COVID-19 Solidarity Response Fund to help
FIFA’s institutional partner continue its work in all corners of the world.
At year end, FIFA’s financial position remained healthy and robust with sufficient reserves, maintaining FIFA’s ability to react quickly to unexpected circumstances alongside its regular commitments. By way of example, FIFA was able to set up the FIFA COVID-19 Relief Plan without dropping its commitment to invest USD 1 billion in women’s football over the current four-year cycle.
As far as planned investment was concerned, FIFA’s total investments in 2020 amounted to USD 774 million. FIFA’s revenue in 2020 was in line with its revised budget. At the end of the year, contracted revenue amounted to USD 5,125 million, representing 80% of the total budgeted revenue for the 2019-2022 cycle. FIFA is well on track to achieve its revenue target.
In life, it is a truism that we never know what is coming around the corner. We can be thankful that this administration is working hard to ensure that, whatever life brings us, our sport will withstand it.
Chairman of the Finance Committee