FA plots cost cutting drive 12/11/2009 |
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The Football Association is said to be planning budget cuts of up to 10 per cent following the collapse of broadcaster Setanta, which could cost the organisation £50m.
The Daily Telegraph reports that chief executive Ian Watmore is redrawing budgets across all FA departments in an attempt to save more than £10m a year.
The paper predicts that the demise of Setanta will cost football’s governing body up to £50m over four years in lost revenue from FA Cup rights.
The Telegraph adds that only when the latest cuts have been approved will Watmore look to negotiate new deals for matches that are unsold.
A short-term deal has been struck to show the first two rounds of the competition on ITV or streamed live on thefa.com, but no deal has yet been agreed for the lucrative later rounds.
The FA, which is saddled with considerable debt burden from the building of the new Wembley, also faces losing FA Cup sponsor Eon at the end of this season.
The FA, which employs 412 people and a further 132 at Wembley, lost £15m last year but hopes to avoid making redundancies.
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