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FIFA official Sheikh Ahmad quits roles

Blog - FIFA
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ESPN FC  By ESPN staff

FIFA to announce $100m loss for 2015 - secretary general Kattner

FIFA is expected to show a loss of at least $100 million when it publish the 2015 financial report next month.

Acting FIFA secretary general Markus Kattner says staff confidence has been hit by a looming $550m financial deficit, telling the FIFA election congress that there is "general uncertainty that is affecting morale of the FIFA team." 

The acting secretary general added that the sport's governing body "are currently behind our goals" to reach a budget target of $5b revenue from the 2018 World Cup in Russia.

FIFA will elect a new president on Friday at the organisation's extraordinary congress.

FIFA has not signed any new World Cup sponsor agreements since the 2014 tournament in Brazil.

Officials have warned that potential sponsors are likely to be waiting until after the election to replace Sepp Blatter as FIFA president before committing to contracts, following the American and Swiss federal investigations into corruption at FIFA that hit the headlines last May.

Kattner says FIFA is "optimistic of concluding contracts" soon, but admitted that it has not been an easy year for the organisation.

"The economic environment is difficult," he said. "We are going to record a negative result in 2015."

FIFA's financial health is in stark contrast to that of European governing body UEFA, that on Thursday announced a 21-percent rise in revenue.

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