Fifa is spending $10m a month on legal bills and is $550m behind revenue targets, governing body reveals at presidential election

Joe Hall
Follow Joe
FIFA Executive Committee Meeting
Fifa is struggling financially (Source: Getty)

Fifa's legal woes are heavily weighing on its finances, with the governing body revealing it is over half a billion dollars behind its revenue targets at its emergency congress.

The scandal-hit organisation is spending roughly $10m every single month on legal bills, acting general secretary Markus Kattner revealed as football's power brokers gathered in Zurich to elect Sepp Blatter's replacement as Fifa president.

Read more: Everything you need to know about Fifa's presidential election

"There are various legal proceedings and investigations that we have to deal with on an ongoing basis," said Kattner on stage to the cavernous Hallenstadion.

"The economic environment is difficult. On one side we have significant unforeseen costs on the other side the process for the commercialisation of rights is delayed.

"As a consequence, we will have a negative result for the year in 2015 which also has a negative impact on our reserves.

"There is also a general uncertainty in the organisation which is affecting the morale of the Fifa team."

Related articles