By Samindra Kunti
March 18 – The Brazilian Football Confederation (CBF) has reported a record revenue of €174 million in 2019, in large part due to the FIFA World Cup payouts, TV rights income and sponsorship.
The financial figures were announced at the CBF’s general assembly and show pre-tax profit was €34,5 million. More than half of the total revenue, €99 million, split €39 million for the national teams and €60 million for domestic competitions, was reinvested in the game, said the CBF.
“Today the CBF is a large Brazilian company, with management and results in proportion to its size,” said CBF president Rogério Caboclo. “We invested more than half a billion reais in national football in 2019 alone. If we consider the last three years, the amount contributed exceeds 1,37 billion reais.”
2019 marked the first year of Caboclo’s reign. “In 2019, we were successful where it matters most, which is on the pitch,” said Caboclo. “The Brazilian teams were protagonists last year. We won the Copa America, the U-17 World Cup, the Toulon Tournament, the U-15 South American Tournament, as well as other grassroots tournaments abroad and in Brazil. The male and female teams guaranteed their presence at the Olympic Games. Our competitions have all been successfully completed. The Brazilian Championship had a record attendance at the stadiums and we had a year of major investments in the national team and women’s football.”
A part of the increased revenue comes from FIFA as part of the World Cup legacy fund. The $100 million fund was set up “to benefit people and communities from across all 27 states”, but FIFA for a long time withheld payments over compliance concerns.
“From a financial point of view, $66 million, divided in three installments, have been transferred to CBF since the agreement reached at the end of 2018. As long as the conditions and compliance measures continue to be met, four more instalments will be paid until 2022,” wrote a FIFA spokesperson in an email to Insideworldfootball.
In 2019 figure beats the CBF’s 2018 numbers by €52.5 million.
The overall revenue outstrips Flamengo’s 2019 revenue by just €3.2 million. The club enjoyed a bumper 2019 on the pitch, winning the domestic and continental crown. They set new standards in the Brazilian game and the Rio giants are seeking to replicate that money-spinning season this year.
Contact the writer of this story, Samindra Kunti, at moc.l1586314560labto1586314560ofdlr1586314560owedi1586314560sni@o1586314560fni1586314560