Rogério Caboclo is the current President of the Brazilian Football Confederation ©Getty Images

The Brazilian Football Confederation (CBF) has reported a record revenue of BRL$957 million (£158 million/$184 million/€171 million) for the 2019 financial year.

As reported by Inside World Football, the financial figures were announced at the CBF's General Assembly and show pre-tax profit was BRL$192.6 million (£31.8 million/$37 million/€34.3 million).

The CBF said more than half of the total revenue, BRL$553 million (£91 million/$106 million/€98 million), split BRL$218 million (£36 million/$42 million/€39 million) for the national teams and BRL$335 million (£55 million/$65 million/€60 million) for domestic competitions – was reinvested in the game.

CBF President Rogério Caboclo vowed to face the "worn out image" of the CBF during his inauguration in April 2019.

Following an uncontested election in April 2018, Caboclo was appointed successor to Antonio Carlos Nunes, with the latter having remained in charge for the interim period.

"Today, the CBF is a large Brazilian company with management and results in proportion to its size," Caboclo was reported as saying by Inside World Football.

"We invested more than half a billion reals in national football in 2019 alone.

"If we consider the last three years, the amount contributed exceeds BRL$1.37 billion (£228 million/$265 million/€245 million)."

Brazil hosted the 2014 FIFA World Cup, which was won by Germany ©Getty Images
Brazil hosted the 2014 FIFA World Cup, which was won by Germany ©Getty Images

The CBF said the increased revenue can be attributed to three main elements – sponsorship deals, broadcast and commercial rights deals, and the legacy fund from Brazil's staging of the 2014 FIFA World Cup.

The 2019 figure beats the national governing body's numbers for 2018 by BRL$293.9 million (£48.9 million/$56.9 million/€52.6 million).

"In 2019, we were successful where it matters most, which is on the pitch," Caboclo added.

"The Brazilian teams were protagonists last year. 

"We won the Copa América, the Under-17 World Cup, the Toulon Tournament, the Under-15 South American tournament, as well as other grassroots tournaments abroad and in Brazil.

"The male and female teams guaranteed their presence at the Olympic Games. 

"Our competitions have all been successfully completed.

"The Brazilian Championship had a record attendance at the stadiums and we had a year of major investments in the national team and women's football."