A record £108m was reinvested by The FA Group back into football during the 2012/13 season.
Following a change to The FA’s accounting period the FA Group recorded a £20m profit for the seven month period ended 31 July 2013 on a turnover of £209m.
This represents the fourth straight year that The FA has reinvested over £100m back into the game, and it is projected the Group will have invested a similar amount across the 2013/14 season.
During the period The FA Group’s accounting year-end was changed from December to July, to bring its statutory financial statements in line with the football season.
The results, reflecting the seven months from 1 January 2013 to 31 July 2013 are a consolidation of The FA, Wembley National Stadium Limited, the National Football Centre at St. George’s Park and FA Learning.
The FA Tesco Skills programme has gone from strength to strength
The FA Group remains in a strong financial position and the FA Board is pleased with a positive set of results demonstrating good growth in key areas leaving the Group well placed to continue to deliver significant investment into football.
For the purposes of reporting the financial performance, the results for the 12 months ended 31 July 2013 (“2012/13 season”) are compared to a 12 month period covering the preceding 2011/12 season.
In The FA's 150th anniversary year, turnover for the 2012/13 season was £299m in total, whilst investment into the game was a record £108m.This investment increased by £11m year-on-year in 2012/13.
The FA’s investment into the game is divided across grassroots football, the professional game as well as some central FA investments.
Monaco were among the high-profile sides to use St. George's Park in 2013
FA investments comprise projects that span the whole game including The FA’s Respect programme, FA Learning, medical and exercise science, safeguarding children, disability, women’s football and talent identification.
After a successful first full season at St. George's Park, the centre contributed additional revenue of £15m to the Group’s accounts, principally from sponsorship and the hotel business.
Broadcasting rights continued to be the largest single revenue source for the Group; predominantly being the rights sold for England and FA Cup coverage.
Sponsorship and licensing income increased following the announcement of the new kit supply and sponsorship agreement with Nike, whilst Wembley Stadium events income increased by £7m.
The Group repaid a further £12m against Wembley Stadium bank loans during the season, whilst further monies were committed to improvements to the stadium’s concert staging ability, a new digital LED ribbon and two new giant screens in the bowl.
Moving forward domestic broadcasting rights have been sold for the period to July 2018 and both BT Sport and BBC will be showing FA Cup games from the 2014/15 season, with ITV broadcasting England internationals. In addition, UEFA centralisation will take effect for all home UEFA European Championship qualifiers next season.
Wembley Stadium also hosts an entertaining events calendar this year including three One Direction concerts and three NFL fixtures representing another first for Wembley Stadium.
Click here for a full presentation of The FA's financial results
