DILI (8 April 2017) – FIFA on Friday announced a $369 million loss for 2016, a second straight annual deficit, as it recovers from bribery scandals and acknowledged it had spent a huge chunk of its reserves in the past year.
The game’s world governing body blamed the cost of investigating the scandals, bad investments and accounting changes. But there is worse to come for the organisation, which is rebuilding after its near collapse at the end of the tainted Sepp Blatter era.
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