Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

The FA Reports Strong Financial Performance

Tue 24th Sep 2013 | Money & Finance

The FA Group, which comprises of The FA, Wembley Stadium and St. George's Park has announced its financial results for the year ending 31 December 2012.

Reporting a strong financial performance in 2012, the Group delivered a turnover of over £300m and investments back into the game also exceeded £100m, both for the fourth consecutive year.

Commenting on the figures, Andrew Crean, The FA Group’s Chief Financial Officer said: “The FA Group is in a strong financial position, increased cash reserves gives us some flexibility around investments and our strategy looking forward. The FA Board is committed in to continuing or increasing its investment into the game where it’s prudent to do so.

“The Board was pleased with a positive set of results, demonstrated good growth in key areas and The FA Group is well placed to deliver significant investment into football.”

The Group’s net assets also rose, with assets rising 34% to £139m, and cash reserves increased by £25m during the year to end on £96m.

The FA’s General Secretary Alex Horne also expressed his satisfaction with the figures, and the long-term goals of the Group.

He said: “We have a four-year plan to 2018 and the positive news is that we’re filling in large chunks of that. The domestic broadcast deal obviously being a very important piece of that, and that being over a four-year plan gives us further comfort over the next four-year period.

“In the next year I’m confident that we’ll see our income streams at or above the levels of the £300m that we’ve seen for that last four years, which would absolutely reinforce our ability to reinvest £100m per year, or more, over the next five years to 2018. So we’re in a really strong financial position.”

Meanwhile, Roger Maslin, managing director of Wembley National Stadium, said the positive figures highlighted the stadium’s continued commitment to delivering a world-class fan experience.

“It’s all about delivering that best stadium in the world. There are obviously those three elements of it: it’s all about having the best infrastructure, best events and best service,” he said.

“2013, as a calendar year, is probably the best we’ve had since we reopened. Not only on the backdrop of the Olympics, but coming through with our normal diet of tremendous event content."

Click here to read The Football Association Limited Report and Financial Statements 31 December 2012 in full.

Posted by: Aaron Gourley

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

 

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

How Football Clubs Source Their Revenue

Thu 22nd Jun 2017 | Money & Finance

It will come as a surprise to no one that football is big business these days. Although players’ wages – especially at the top teams – have increased remarkably, the clubs can pay...

“Why Does Your Club Offer Discounts?” 5 Responses

Tue 6th Jun 2017 | Money & Finance

Following my article last week on the 3 observations about discounts offered on football clubs’ merchandise stores ; I wanted to share some more insight in to the merchandise space. I’ve...

West Ham United announce record season ticket renewals

Thu 1st Jun 2017 | Money & Finance

West Ham United have announced a club record number of season ticket renewals for the 2017/18 Premier League campaign. At Wednesday's 5pm deadline, over 90% of the 52,000 season ticket holders at...

Footballers, their cars, and how many minutes of play it takes to pay for them

Thu 1st Jun 2017 | Money & Finance

Online used car dealership Carspring have researched the vehicles driven by more than 250 of the world’s leading football players. With this information, along with the estimated salaries of...