FIFA Reveal Blatter’s Salary
Sepp Blatter, FIFA ex-president [/caption]
FIFA on Thursday revealed the salary of ex-president Sepp Blatter, after years of secrecy of about presidential pay.
The 80-year old Swiss, who is currently on a six-year ban from soccer, pocketed $3.76 million in 2015.
This was according to a Financial and Governance Report issued by world football’s governing body.
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The report also recorded that FIFA lost $122 million in 2015, its first deficit since 2002, a year marred by a corruption its worst corruption crisis in history.
The loss was expected after the organization lost many of its sponsors and failed to sign any new World Cup sponsors.
FIFA’s spending on legal matters was almost double the $31.3 million bill for 2014.
Speaking at the presentation of the report, Gianni Infantino, who replaced Blatter as president said: “2015 was an incredibly tough year for Fifa, and one that will take some time and collective hard work to fully recover from.
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“The challenges of the past 12 months are reflected in our financial results for the year.
“These results stand as a cautionary tale of what can happen if we lose sight of the primary responsibilities of our mission, and if we fail to take the necessary steps to protect our organisation against wrongdoing.
“It is to the credit of the decent majority within the organisation that we acted together, in these difficult times, to limit the damage and to secure the future of Fifa.
“Fifa’s healthy financial reserves, built up when the sun was shining as a prudent insurance against unforeseen risks, have served to further stabilise the organisation, and to give us the breathing space we need to put things right.
“This strong financial position overall means we are more than capable of weathering the current storm.”
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Blatter, who was suspended on full pay last October and later banned for unethical conduct, had a base salary of $3 million but no bonus in 2015. The total included a payment of almost $450,000 in “variable compensation” — a long-service entitlement for reaching 40 years employment at FIFA.
FIFA also said, it want to keep new president’s pay package secret for one more year until the 2016 accounts are published.
