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Finance Notes: Russian Football's Anti-Crisis Committee To Hold First Meeting

Russian football's anti-crisis committee "meets for the first time this week as the federation battles against a budget deficit and a growing and crippling wage debt to its national team coach Fabio Capello." At the forefront of the RFU's problems was its "failure to pay Capello and national team manager Oreste Cinquini since June." Capello is believed to be owed more than €8M ($9.2M) but is paid on rubles -- "as the ruble has plummeted on the currency markets so the cost of Capello has spiralled" (INSIDE WORLD FOOTBALL, 2/3). ... The Belgian FA (KBVB) is suffering a "financial hangover" after posting a financial loss of €206,000 in '14. For the KBVB the 2014 World Cup was a "highlight." The Red Devils "caught the public's imagination with merchandise sales achieving record numbers." The Red Devils' games on Brazilian soil "also drew the biggest TV audiences in history," and the KBVB made a profit of €1.4M on its "lucrative campaign in Brazil." An internal audit "blamed the loss on financial mismanagement at the top of the federation" (INSIDE WORLD FOOTBALL, 2/3).

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