Finance FA affected by the disappearance of Setanta

Wembley's business plan is based on concerts and other events
Setanta TV company's collapse left a hole of r $ 60 million in finance Football Association as the organ has posted a loss of $ 3 million for 2009.

It was better than the loss of $ 12 million of 2008 as the FA approached losing money television rights and costs r $ 17 million in its movement of Soho Square Wembley.

FA CEO Alex Horne said: "2009 was a difficult year for the FA as it was for the economy as a whole".

Turnover of FMD was up to 52 million pounds to $ 314 million as staff costs rose from r $ 30. 1 m to $ 34.7 meters.

That $ 4.6 million increase reflects the difference in England annual salary of $ 6 million manager Fabio Capello compared to that of its predecessor, Steve McClaren, which was paid £ 2.5 m.

Switching to Wembley costs as much because the plan to sublet the old offices collapsed, despite an indemnity agreement has now been done with the new owner, while the FA has also implemented a major cost reduction program.

Financial year 2009 FA highlights operating profit after realization of expenditure: £ 5.7 million investment back to footballL: 103 million pounds until costs $ 16 million in teams representing England: £ 30 million cost of moving offices of Soho Square to Wembley: annual salary r $ 17 million for the monthly average of 568 employees: 34.6 m

"Debris containment Alex Horne that Wembley will break even in 2014 and no longer FA handouts," said BBC sports News Correspondent Gordon Farquhar.

The FA also points to the fact that they invested r $ 103 million back into the game, so per $ 16 million in the previous year, the highest ever was and that half of this amount was to support the "grassroots" football.

"When the mortgage is paid at Wembley sometime in early stage 2030s should provide tremendous benefits of money for the game, but even then it remains a risk for the FA".

Second Wembley Chairman David Bernstein, last year was an exceptional year for the venue, with 38 major events taking place in the stadium.

Despite this level of activity, which contributed to the well-documented problems suffered-the Wembley pitch £ 9.m £ 3, the operating profit.7 million in the previous year, was decimated by rate of interest on loans of $ 23.6 m, leaving an overall loss of $ 14.2 million after-tax.

Wembley's business plan is based on concerts and other events to increase the bottom line, but that has brought a conflict of interest with the main goal of the stadium as a world-class football.

Financial year 2009 FA highlights operating profit after realization of expenditure: £ 5.7 million investment back to footballL: 103 million pounds until costs $ 16 million in teams representing England: £ 30 million cost of moving offices of Soho Square to Wembley: annual salary r $ 17 million for the monthly average of 568 employees: 34.6 m

These critical surface playing led to a complete rethinking of strategy and a new pitch, "surface" now Desso was established.

Directors also emphasized the risk to customers ' businesses Club Wembley not renew their databases and mailboxes, or missing payments, premium seats representing 21% of the turnover of the group.

In the coming months the FA must find a sponsor banner after decision Nationwide building society, not to renew his contract with England's governing body, as well as financing planned national football Centre at Burton, who has a financial deficit of between 8 to 10 million pounds.

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