The FA Post Record Turnover Of £370m
Thu 16th Feb 2017 | Money & Finance
The Football Association (The FA) has posted record turnover of £370million according to the latest financial figures released today.
The FA posted its financial results for the year ending 31 July 2016, showing £125million was invested into every level of football across the 2015-16 season, growing from £117million in 2014-15.
The annual results, comprised across The FA Limited, Wembley National Stadium Limited and the National Football Centre Limited, were up from £318million in 2014-15.
The FA made an after-tax profit of £7million across the year, compared to a £9million loss in the previous period, while there were also savings on restructuring/reorganisation costs as well as through refinancing of FA debt.
Martin Glenn, The FA’s chief executive, said: "We are delighted to be in such strong financial health.
"The FA is for all, and this allows us to invest even more money than ever before back into every level of our national game.
"The FA is a not-for-profit organisation and our focus is on investment for the future of the game. Last year we made very good progress.
"The most significant areas of investment were contributions to the County FAs, coaching and participation, FA Cup distributions, supporting all 24 England teams plus key investment into grassroots facilities such as the first-ever Parklife hub, in Sheffield.
Glenn added: "At the end of 2016 we announced key commercial deals, including the international broadcast rights for the Emirates FA Cup and the new 12-year deal with Nike, which means The FA is extremely well positioned to support English football for the foreseeable future."
To read the full financial statement, click here.
Posted by: Aaron Gourley
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