April 12, 2019 / 1:16 PM / 2 months ago

FA invested record 128 million pounds back into game in 2017-18 season

(Reuters) - The English Football Association generated a total turnover of 376 million pounds during the 2017-18 season and invested a record 128 million pounds back into every level of soccer, the governing body said on Friday.

Announcing their financial results for the year ending July 31, 2018, outgoing FA chief executive Martin Glenn said investment from the grassroots upwards, up by 1 million pounds from 2016-17, has been reflected in the progress of England teams.

In 2017, England’s junior teams won the under-20 World Cup, the under-17 World Cup and the under-19 European Championship while the senior side reached the World Cup semi-finals in Russia last year.

“With the FA in strong financial health we are able to give even greater support to our key initiatives,” Glenn, who will step down as chief executive at the end of the season, said in a statement on the FA website.

“Helping to support the England teams to be ready to win and prepared for tournaments has been one of our main priorities. The investment into the technical division and St George’s Park has played a major role in the progress of all of our teams.”

Last month, the England women’s team won the SheBelieves Cup ahead of this year’s World Cup for which they are viewed as one of the top contenders.

“Our commitment to women’s football has also never been greater. Record investment into the infrastructure has made a real difference and, as a result, its popularity has grown significantly,” Glenn added.

Broadcasting and sponsorship income was again the largest revenue stream and the FA expects to see the financial benefit of a number of new deals coming into effect from the start of the 2018-19 season.

These include a 12-year kit deal with Nike, a three-year FA Cup extension with title sponsor Emirates, a partnership with Budweiser and a record six-year deal for the international broadcast rights for the FA Cup with Pitch and IMG.

Reporting by Shrivathsa Sridhar in Bengaluru, editing by Pritha Sarkar

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