Football
PA Sport 7y

FA posts record turnover for 2015-16 despite England's Euros slump

The Football Association made a record amount of money in the 2015-16 season, allowing it to invest £125 million in the domestic game.

English football's governing body released its accounts for the year to July 31, 2016, which showed the resilience of the national team's brand despite a disappointing Euro 2016, as well as the FA's commercial strength.

Having lost £9m in 2015, the organisation made a £7m profit after tax last year, with turnover up £52m to £370m.

These positive figures were partly a result of 2015-16 being a tournament year for the men's national team, which means extra marketing and sponsorship revenue.

They were also partly due to the FA's continuing efforts to cut costs, with job cuts and refinancing the debt on St George's Park and Wembley helping save more than £25m.

FA chief executive Martin Glenn said in a statement: "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 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 in grassroots facilities.

"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."

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