Grassroots football received a £125m (US$156.1m, €146.4m) boost from the Football Association over the 2015/16 season as the organisation recorded record revenue of £370m (US$462.1m, €433.2m).
The national governing body’s grassroots investment increased from the £117m (US$146.1m, €137m) invested over 2014/15, and it due to rise further as the implementation of ita flagship Parklife project continues to take off.
Around £50m (US$62.4m, €58.5m) is being used by the FA to build 150 artificial grass football sites across 30 cities, with the Premier League and Sport England matching the investment.
The revenue boost – up from the £318m (US$397.2m, €372.3m) generated over the previous 12-month period – resulted in a after-tax profit of £7m (US$8.7m, €8.2m).
Following a number of key commercial deals, such as the international broadcast rights for the FA Cup and a renewed 12-year kit deal with Nike, the FA continues to find itself in a strong financial position.
Martin Glenn, the chief executive of the FA, said the most significant areas of investment over the 2015/16 period were contributions to County FAs, coaching and participation, and the Parklife facilities hubs.
“The FA is extremely well-positioned to support English football for the foreseeable future,” he added.
First published on www.sportsmanagement.co.uk, 16 February 2017.