that confirmed just under $200,000 profit from the World Cup 1994 Campaign.

Precluding Government contributions -- an $80,000 grant and a $29,010 discount for use of National Stadium -- the BFA made $89,706 from the venture, which began in December 1991 when Bermuda were drawn in the preliminary round of the CONCACAF Qualifying Zone against Haiti.

Victorious there, Bermuda twice defeated Antigua to advance to the second round where, after opening with a surprising 1-0 win over eventual group winners El Salvador, the team finished bottom of the four-team group. Canada joined El Salvador in the third round with Jamaica finishing third.

The audit was completed and produced to the BFA on January 5 by chartered accountants Anfossi & Butterfield.

"As you can see from the report, efforts by yourselves and the people of Bermuda were successful beyond our highest expectations,'' said BFA president Charlie Marshall in a letter to corporate sponsors.

"This was a rare time in our history where we were able to have success on the field as well as off the field. It shows quite clearly what we in Bermuda can accomplish when we work as a team, and I believe we should continue this positive attitude towards one another.

"On behalf of all the players and the soccer family of Bermuda, we would like to thank you and all those in your organisation who participated in this extremely successful event.'' The association has been under much scrutiny of late with the controversial dismissal of administrative assistant Joe L. Brown and payments to officials out of the World Cup Fund being brought into question.

Marshall and his colleagues played the issue down, saying that the audit would prove that the BFA had "nothing to hide'' and is acting in the best interests of the affiliates.

The campaign was indeed unrivalled in terms of bringing the community together over a nine-month period, the corporate sponsorship totalling $136,560 with Bank of Bermuda ($100,000) being the major contributor.

The BFA received $52,366 of the $57,655 that was pledged during the telethon and there was also $15,000 gained from television rights and $3,153 from the souvenir brochures that were on sale at the satdium.

Other than travel, the chief expense was players' and officials' salaries. It was decided to compensate players for time away from work on international duty. The BFA paid the net difference of salaries with employers continuing to pay benefits to team members and officials. Shawn Goater's club Rotherham United received $5,195 in compensation.

In explaining certains area of the statement, Marshall confirmed that nothing from the $5,195 in levies to CONCACAF and FIFA is for fines for people invading the pitch during the El Salvador match.

As of January 5, amounts still receivable were the Government funding of $80,000, which was received a few weeks ago; $10,325 in ticket income, which was derived when affiliate clubs were given a set quota for each home match; and $1,000 from CONCACAF for expenses incurred while the squad were housed in Florida.

Marshall said that the ticket income figure has been reduced significantly.

Amounts payable include $7,000 to the auditors and $1,787 salary to two players that Marshall would not name. Their money was being withheld until the employers could produce a statement of the individuals' net earnings. Marshall believes that has been taken care of by now. Full statement, Page 18 .