English soccer’s Football Association (FA) has revealed total turnover of US$580.2 million for the year ending July 31st 2019.
The revenue figure marks a steep increase on the US$466.4 million recorded for the year 2017-18. According to a report the revenue increase has happened on the back of the national governing body’s new domestic and international broadcast deals for the FA Cup club knockout tournament and England national team fixtures.
Broadcast Revenues increase – Sponsorship value down
The FA’s broadcast income was up US$326.2 million as new FA Cup deals were struck during the year with UK free-to-air broadcasters the BBC and ITV mean all domestic and international broadcast rights for the competition are now tied up until 2024.
However, sponsorship income fell US$78.7 million which the FA said was due to FIFA World Cup bonus payments in the previous year and the expiry of several commercial agreements at the end of the 2017/18 season, including the organisation’s headline partnership with carmaker Vauxhall.
The FA’s financial statement was accompanied by statements from chairman Greg Clarke and chief executive Mark Bullingham, predating the Covid-19 pandemic.
Commenting on the financial results, Bullingham said: “We’re fortunate to be in a very good position financially thanks to several strong commercial partnerships in the 2018/19 season.
“This means that for seven years in a row, we were able to invest record amounts of money back into the game at all levels.”