Home' Trinidad and Tobago Guardian : March 22nd 2014 Contents A49
Saturday, March 22, 2014 www.guardian.co.tt Guardian
ZURICH---Fifa says its
reserves grew to $1.432 bil-
lion after making a $72 mil-
lion profit in 2013.
Football s governing body
had income of $1.386 billion
and spending of $1.314 bil-
lion in the third year of a
four-year commercial cycle
linked to the 2014 World
FIFA s financial results
typically peak in a World
Cup year, which will be
reported next March.
Fifa paid $17 million in tax
linked to its subsidiary com-
panies, including Early
Warning System, which
monitors gambling on foot-
ball, and financial assets.
Fifa President Sepp Blat-
ter s salary and benefits were
Blatter is among the Fifa
leaders and executives who
shared bonus payments
totaling $36.3 million. (AP)
Fifa makes $72M profit,
raises reserves to $1.43B
Bellini, captain of '58
Cup champ Brazil, dies
SAO PAULO---Bellini, Brazil s captain when it won
its first World Cup in 1958, died on Thursday from
complications following a heart attack. He was 83.
The Hospital 9 de Julho confirmed Bellini s death
in a statement.
The central defender became widely known for
being the first captain to raise the World Cup trophy
above his head as a symbol of triumph. The gesture
became immortalised with a statue of Bellini in front
of Maracana Stadium.
He had a heart attack on Tuesday and had been
hospitalised since then. Local media said he had also
been suffering from Alzheimer s.
Bellini also won the 1962 World Cup and appeared
in the 1966 tournament. He played for Brazilian clubs
Vasco da Gama, Sao Paulo and Atletico Paranaense.
to monitor 2015 election
ZURICH---When the Fifa presidential election
campaigns get going, the governing body s financial
watchdog will be keeping a close eye on everyone.
No more $1 million grants, like the one Sepp Blatter
handed over to the Concacaf regional body last time,
will go by without provoking an ethics investigation.
"That would not work anymore," Domenico Scala
told The Associated Press in an interview.
Scala, speaking ahead of the publishing of Fifa s
annual financial report on Friday, was appointed in
2012 to lead a modernised audit panel ordered by
Blatter after wide-ranging scandals tainted World
Cup hosting votes and the president s own re-election.
Scala also cautioned against candidates promising
money to confederations and national federations
without approval from the Fifa development com-
mittee, which allocates spending.
A bitterly fought election in 2011 saw escalating
payments and promises from Fifa reserves, which
was announced yesterday as $1.432 billion.
Scala: Such giveaways of Fifa money "will not
be possible" before the May 2015 vote
Last time, Fifa gave $144.4 million in "extraor-
dinary payments" from 2010 World Cup profits---
$550,000 to each country and $5 million to each
continent---which Blatter described as "a gift to our
Blatter s election rival, Mohamed bin Hammam,
pledged to double annual grants and project funding
before he withdrew when implicated in buying votes
in the Caribbean.
Bin Hammam was accused of offering $1 mil-
lion---envelopes of $40,000 to each of 25 Concacaf
members---at a meeting in Trinidad one week after
Blatter s $1 million Fifa promise in Miami.
Blatter has said he will seek re-election if enough
of Fifa s 209 member countries ask him. Other
potential candidates are UEFA President Michel
Platini---deputy chairman of the development panel---
and former Fifa official Jerome Champagne.
Scala said he would help decide a new Fifa pres-
ident s contract and salary but cannot change Blat-
ter s ongoing terms.
"It s a very normal contract you would expect
for a CEO," said Scala, who was chief executive at
dental firm Nobel Biocare Holding AG for four years
Scala does the performance review of Blatter s
contract and, although reputation is one aspect,
bad publicity at the 2013 Confederations Cup in
Brazil marred by street protests will not count against
"Public opinion might think it was a failure but
economic data say the opposite," said Scala, pointing
to "never, ever better" TV ratings and ticket sales.
However, bonuses for Blatter s executive committee
colleagues were ended in December.
"There was no relationship in logic for them,"
Scala said. (AP)
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