FIFA paid Blatter 3.63 million Swiss francs in 2015

FIFA said it paid its disgraced former president Sepp Blatter 3.63 million Swiss francs ($3.76 million) last year as it published his salary for the first time under new governance regulations.

FIFA also said it lost $122 million last year because of “unforeseen costs due to the extraordinary circumstances that occurred”.

Blatter’s earnings for 2015 are thought to have been lower than in previous years due to the lack of a performance bonus.

FIFA also announced it lost $122 million in 2015, its first deficit since 2002, attributing that mainly to the costs of battling the worst graft scandal in its history.

In particular, FIFA’s legal fees rose from $31.29 million in 2014 to $61.49 million while its reserves dropped from $1.52 billion to $1.34 billion.

“The unprecedented events that occurred in 2015 have impacted upon FIFA’s financial results, however the organisation’s healthy reserves have allowed it to weather the storm,” the Swiss-based federation said in a statement.

Several dozen officials, including former members of FIFA’s executive committee, have been indicted in the United States while Blatter has been banned for six years by the ruling body’s ethics committee.

FIFA said Blatter’s former secretary general Jerome Valcke, banned for 12 years, was paid 2.12 million Swiss francs last year. The aggregate remuneration of key management personnel was $27.9 million.

Blatter had been FIFA president since 1998 and his salary had long been the subject of speculation. It was finally published on Thursday under new rules which were passed in February in an attempt to make FIFA more transparent.

FIFA said it calculated Blatter and Valcke’s payments on the advice of an “independent, external company that specialises in HR and compensation issues.”

Despite the troubles, FIFA said it had revised its projected revenue for the 2015-2018 cycle upwards from $5 billion to $5.65 billion, with projected investments amounting to $5.55 billion.

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