FIFA has $1.2B in reserves after 2010 World Cup

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FIFA President Sepp Blatter says it has
reserves of $1.2 billion thanks to the 2010 World Cup in South
Africa.

Blatter tells African football leaders that the financial
results were better than the 2006 World Cup hosted by Germany.
He said more details of its success will be published next week
in FIFA’s annual report.

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FIFA began the World Cup year with reserves of $1.06 billion.
FIFA said that money could sustain it for 18 months if a World
Cup was canceled.

Blatter opened the Confederation of African Football assembly
saying the continent should be proud of organizing the World Cup
which helped Africa find more pride and confidence.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)