Friday June 13 2014

Fufa to receive Shs1.8b bonus from Fifa



Just when Fufa was looking for money to finance its activities, Fifa comes in with Shs1.8b ($750,000) bonus payment.

Sepp Blatter, the Fifa president announced during the 64th Fifa Congress held in São Paulo, Brazil on Wednesday, that each of the 209 Fifa members would receive that amount. Blatter also announced each confederation would get Shs17.6b ($7m). The bonus would come from the Shs504b ($200m) which the world body made during the 2010 World Cup and other activities.

The Fifa boss, who is under fire to step down announced the bonus in the presence of Fufa president Moses Magogo, vice president in charge of administration Justus Mugisha and Fufa CEO Edgar Watson. Four years ago in South Africa, Blatter announced a bonus of Shs631m ($250,000) for all Fifa members because the world body made profits in 2009.

At the same congress, Blatter used the congress to launch his campaign to run for another term after Fifa voted down attempts to consider age and term limits for its executives, in a move that could allow the 78-year-old to continue as president indefinitely.

In 2011, Blatter announced that he will be stepping down but he has since changed his mind. The Fifa elections will be held in May 2015 .