The Football Association invested a record £128m (€148m/$168m) into all levels of English football in the 2017-18 season, according to its financial results for the year.
As well as reporting total turnover of £376m across its three business groups – the FA itself, Wembley Stadium and the National Football Centre – the FA also posted an overall loss for the year of £10.5m.
The period in question, to the end of July 2018, covers a year in which the England men’s senior team reached the semi-finals of the 2018 Fifa World Cup and the women’s senior team was eliminated at the same stage of the 2017 Uefa Women’s Euro.
Those events, among others, contributed to an 8-per-cent rise in broadcasting revenues for the year, to £225m. Tottenham Hotspur’s occupancy of Wembley for the entire 2017-18 season, meanwhile, saw the FA’s income from its stadium increase 40 per cent year-on-year, to £69m.
Martin Glenn, the outgoing chief executive who will leave his role in May, saw his salary increase by almost £100,000 in 2017-18, from £699,000 to £794,000.
Glenn stated that the FA’s record investment into women’s football had resulted in its popularity growing significantly. He added that the creation of the Full-Time app, which helps to manage and organise grassroots football, helped to fulfil the “key objective to help modernise the grassroots game with digital investment”.
The FA recently announced its intention to rebrand as the English Football Association, something that will be discussed further later this year.