FIFA-Backed Study Shows Value Of Int'l Sports Organizations To Swiss Economy
FIFA-backed research said that int'l sports organizations were worth 1.46B Swiss francs ($1.59B) and "accounted for 8,040 jobs in Switzerland's economy" in '11, according to the AP. FIFA Communications Dir Walter De Gregorio said that "the study, involving 67 sports bodies based in Switzerland, fulfilled a 'responsibility to contribute with facts and figures to relevant public policy discussions.'" The figures "covered employment, meetings and conferences, according to research commissioned by FIFA from Zurich-based consultants Rütter + Partner." The study said that sports bodies generated tax revenues for Switzerland of 128M Swiss francs ($140M), "directly from salaries and profits and indirectly from spending" (AP, 11/12).