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FIFA: Destroying Football Since 1904

glorygloryeze said:
Could it be that FIFA, or many of it's main execs (including Infantino) are actually broke?

Could this be an attempt at a quick 'bailout' for themselves or the organisation before a discovery of big debts to many existing corporates that deals have been struck with years ago?
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I read this morning that FIFA is sitting on reserves of $4 billion and that recently Infantino was boasting about how it 'earned' $15 billion in the last 4 years. One of the key questions is why Infantino thinks there is a need for private capital to support investment in a business that is already loaded and highly profitable.
 
glorygloryeze said:
If anything, you'd want to have a free-for-all re advertising and associated contracts each time a world cup comes along and not tie yourselves down to anything or anyone in future. Certainly not tying yourselves to the likes of Morgan Stanley etc.
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It was probably just a momentary brain fart, but for the record, Morgan Stanley are a completely different set of total bankers :)
 
Lost Mango said:
Morgan Chase, another of those vampire outfits who claim to add value but suck things dry.

Their whole evaluation apparently is in comparison to the closed shop franchise values of the NFL, NBA and NHL which isn't exactly a like for like comparison.
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The same JP Morgan that got $25B in taxpayer money in 2008 even though they were not in any trouble.
 
glorygloryeze said:
On the surface, i'd agree.
But it's just so odd that they'd look to tie-in future revenue in the way they seem to be. Football (on the surface) is the golden goose that keeps laying each time a tournament comes around.
If anything, you'd want to have a free-for-all re advertising and associated contracts each time a world cup comes along and not tie yourselves down to anything or anyone in future. Certainly not tying yourselves to the likes of Morgan Stanley etc.

The only thing i see as an issue here asi that (like the Olympics) hosting a world cup is often now becoming more of a cost burden that outweighs the all the kudos/benefits and so the money FIFA are asking countries to put up they are saying no thanks and hence only mega cash-rich football newbies like Saudi (who want to use football as a vehicle for other things) or countries who want to share the costs are now stepping up to bid. And the less bidders the less FIFA can drive up the prices of being associated with the tournaments etc...hmmm...
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It doesn’t benefit FIFA in the long run. It benefits Infantino who would lead the private equity group and be handsomely paid to do so.
 
And a bit of levity to the topic

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