The English Football Association (FA), has today (Wednesday) revealed that it was able to invest a record £127m (€145.4m/$178.7m) across all levels of the domestic game during the 2016-17 season, despite a fall in revenue.
The investment, which represented a £2m increase on the £125m committed in the 2015-16 season, included an eight per cent year-on-year increase in funds for coaching, while the FA also invested £22m to further its ‘playing facilities For All’ initiative.
Confirmation of the record investment came as the national governing body also reported year-on-year growth across various key financials.
Profit after tax for the 12 months to July 31, 2017, amounted to £16m, up from £7m in the previous year, while net assets also increased from £122m to £146m and net debt was cut from £174m to £150m.
However, the FA did report a decline in turnover for the year, dropping from £370m in the 2015-16 season to £351m in the most recent campaign. The FA cited the lack of a major men’s national team senior tournament as the main reason behind this decrease.
Broadcasting and sponsorship remain the FA’s largest source of income, while a number of major events at Wembley Stadium in London also boosted financials. During the 2016-17 season, Wembley hosted a total of 32 events, including the heavyweight world championship boxing fight between Anthony Joshua and Wladimir Klitschko and music concerts by various high profile acts such as Adele and The Stone Roses.
Martin Glenn, chief executive of the FA, said: “This is another set of strong financial figures for the FA, which has allowed us to invest a record-breaking £127m back into every level of English football.
“Following new deals with Nike, Emirates, Budweiser, Disney and LG, as well as the transformative international broadcast rights deal for the Emirates FA Cup, the FA is now in a position to accelerate our investment into the game in the coming years.
“Our key areas of focus include grassroots football, the County FAs, coaching and participation, the Emirates FA Cup distributions, all England teams and our world-class facilities.
“Furthermore, the FA is transforming. In March 2017 we set out our plan to double the number of women and girls taking part in football by 2020. In May 2017 we announced a set of governance reforms that will benefit all of English football.
“In January 2018 we announced a series of new initiatives aimed at improving both the culture of the organisation and record investments back into the game.”