FIFA reports 122 million dollars in losses for 2015

Joseph Blatter earned 3.63 million Swiss francs (3.32 million euros) as FIFA president in 2015 and football's governing body Thursday reported losses of 109.8 million euros (122 million dollars) in a year plagued by scandals.

FIFA blamed the loss - the world football governing body's first since 2002 - on "unforeseen costs" such as legal fees and money spent on unscheduled meetings, among other things, as the organization released its annual financial report.

FIFA's reserves shrank by 165 million euros to 1.2 billion euros, the report said.

FIFA is trying to overcome a corruption crisis that has seen 41 people and entities indicted and has brought the downfall of former boss Blatter and other top in FIFA and its regional associations.

Blatter, who has been banned from football for six years, had always kept his salary secret.

Former FIFA secretary general Jerome Valcke, who served as right-hand man to Blatter for almost a decade, was paid 1.94 million euros in 2015.

Gianni Infantino was elected FIFA president February 26 with the hopes of restoring FIFA's credibility amid far-reaching US and Swiss corruption investigations.

Infantino's election, which formally ended Blatter's 18-year reign, came after FIFA members approved a major reform package.

Last update: Thu, 17/03/2016 - 20:30

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