Bleacher Report · Dec 3, 2015
FIFA Crisis Reportedly Results in £67m in Losses
FIFA's widespread corruption scandal is hitting the bottom line hard, as world football's governing body reported £67 million (around $100 million) in financial losses for the 2015 calendar year.
According to a Press Association report (via the Guardian), losses stem from sponsors dropping out and legal bills from the organization's corruption scandal. The Press Association named Emirates, Sony, Castrol, Continental and Johnson & Johnson as the biggest sponsors to drop out. FIFA had previously not reported a loss since 2001.