Tuesday, June 17, 2014

Interesting ... and Misguided

World Cup Mania: Figuring Out FIFA, Soccer & Tax

We are in full World Cup mode at my house. My kids are huge soccer fans (you may know this if you’re a regular reader) and they’ve been counting down to the first game (Brazil beat Croatia) for months. They’ve made posters and charts and insisted on buying souvenirs, including a stuffed version of the Fuleco, the armadillo who serves as the current World Cup mascot.

And predictably, they have peppered me with questions, mostly about FIFA since the initials appear on everything from Fuleco to the game balls. What is it? Who runs it? And their favorite question: who gets to keep all of that money? ...

See the whole article here, courtesy of Forbes.

Kicking Back Comments: While written for a 5th grader ... "FIFA is also known for handing out some pretty important awards. " ... there are a couple of nuggets in there (in particular financials) worth looking at ... but little else.

Yes Ms. Erb, FIFA is doing exactly what it said it would ... robbing some of the poorest people in the world absolutely blind.

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