Dont' worry, South Africa, FIFA now has $1.2 billion in reserves

While South Africa struggles to find uses for all those dazzling new World Cup 2010 stadiums it can't afford the upkeep on, at least the country won't have to worry about their friends at FIFA suffering through similar financial concerns. Or any financial concerns at all. Because Sepp Blatter and his boys have $1.2 BILLION locked away at the "non-profit" governing organization just for giggles.

From the AP:

FIFA President Sepp Blatter says it has reserves of$1.2 billion thanks to the 2010 World Cup in South Africa.

Blatter tells African football leaders that the financial results werebetter than the 2006 World Cup hosted by Germany. [...]

FIFA began the World Cup year with reserves of $1.06 billion.

FIFA said that money could sustain it for 18 months if a World Cup wascanceled.

Blatter opened the Confederation of African Football assembly saying thecontinent should be proud of organizing the World Cup which helped Africa findmore pride and confidence.

So, good job, Africa! All your investment and hard work really paid off...for FIFA.

I like how Sepp tries to justify that massive FIFA reserve fund by saying that that it could sustain it for 18 months if a World Cup was canceled -- which wouldn't even happen in the midst of a biblical apocalypse. So what will FIFA really use that obscene stockpile of cash for? Well, let's just say the Seppbot 4000 and his soul-sucking intake hole will be ready ! to serve as FIFA president for millenniums to come.

Photo: Reuters