FIFA records $122 million loss, reveals Blatter's salary

FIFA says its losses from corruption adds up to $122 million while revealing ex-boss Sepp Blatter earned $3.7 million in 2015

Photo by: AP (Archive )
Photo by: AP (Archive )

FIFA says it paid its former leader Sepp Blatter $3.7 million in 2015.

FIFA on Thursday revealed the salary of its disgraced ex-leader Sepp Blatter for the first time - $3.7 million in 2015 - and a $122 million loss as corruption scandals hit world football.

The tainted world body said it will dig into its estimated $1.5 billion reserves to cover the first loss since 2002.

Blatter always resisted publishing details of his compensation package during his 17-years in charge of FIFA.

But the 80-year-old is now serving a six-year ban for a suspect $2 million dollar payment to UEFA boss Michel Platini and the salary publication was promised as part of reforms as FIFA seeks to redeem its name.

On Thursday, the tribunal announced that Blatter appealed against the ban from football activities to the Court of Arbitration for Sport.

Platini has also appealed against his six year ban.

Blatter earned 3.6 million Swiss francs ($3.7 million/3.3 millon euros) in 2015, FIFA said, while Jerome Valcke, the former secretary general who was placed under formal investigation in Switzerland on Thursday, received 2.1 million Swiss francs.

Former FIFA President Sepp Blatter (L) and ex-FIFA secretary general Jerome Valcke (R) seen in an undated photo.

The criminal probe was opened in response to two specific criminal complaints made against the Frenchman during an investigation into his FIFA tenure carried out by world football's ethics committee.

FIFA's probe resulted in Valcke's 12-year ban from football last month for misconduct ranging from helping a World Cup ticket scam to fixing a television deal and destroying evidence.

Football faces an unprecedented corruption crisis with 39 individuals and two companies facing US charges over more than $200 million in bribes. Many of those charged are former top members of FIFA's executive.

And the governing body blamed the cost of scandal for the $122 million loss in 2015 after a surplus of $141 million in 2014.

FIFA has a four year accounting cycle. It makes about $5.5 billion in television and commercial deals between each World Cup. It has still set a revenue target of $5.65 billion for 2015-2018 and new president Gianni Infantino said "with the recently approved reforms” he was optimistic for the future.