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Soccer World Cup generates 135 million euro profit

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MUMBAI: Looks like the German soccer and tax authorities have netted a serious windfall from this year's soccer World Cup.

This summer's World Cup turned out a real financial success for the German organizers.

German football federation president Theo Zwanziger has been quoted in media reports saying that the event made a 135 million euro profit before tax.

After tax, an amount of 56.6 million euros will be shared between the German Football Federation (DFB) and German Football League (DFL) while football's governing body Fifa earned 40.8 million euros.

Reports add that the accounts still need to be checked by Fifa auditors KPMG. The final figures will not be known until all work has been finalised but they could easily exceed the previously mentioned amount.

Germany managed a strong attendance during the event which took place from 9 June 2006 to 9 July 2006.

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