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Fifa shares $300,000 to member states as World Cup profits

Posted On Monday, 31st January 2011

Fifa shares $300,000 to member states as World Cup profits

Spain winning the cup in South Africa

Fifa is giving each football nation an extra $US300,000 as a share of profits from the 2010 World Cup.

It means member associations on the African continent who didn’t qualify for the World Cup are also entitled to the monies allocated.

The governing body said on Friday the payment is in addition to the $US250,000 every country gets annually toward football development and running costs.

Each of FIFA’s six continental confederations gets an extra $US2.5 million ($A2.52 million).

‘This decision by the FIFA executive committee has been made possible thanks to the outstanding success of the 2010 World Cup in South Africa, which led to a very good financial result for FIFA for the entire 2007-2010 period,’ the governing body said in a statement.

Brunei are currently suspended and are the only one of FIFA’s 208 members excluded.

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