FA reveals true cost of England’s failed 2018 World Cup bid
England’s failed 2018 World canada goose coat 1000 Cup bid cost £21m – some £6m more than had been widely reported, according to the latest Football Association accounts.
The bid for the tournament ended in disaster last December, attracting only two Fifa members’ votes including that of the British Fifa vice-president, Geoff Thompson.
The FA accounts have for the first time provided details on the total spending and income of the bid. They show that although net spending was £14m, the total expenditure over two years was £21m. The spending was offset by some public money – local authorities from bidding cities provided £2.5m – plus a further best fake canada goose jacket £4.5m came from sponsors.
Until now it had been thought the expenditure on the bid black friday 2013 canada goose sale had been £15m, including the public money. That was also the sum mentioned by the sports minister, Hugh Robertson, last week at the Leaders in Football conference in London.
Robertson said he regretted the money that had been spent on the 2018 bid because Fifa had been intent on taking the World Cup to new territories.
“When I look back on it now, I wish we had the gumption or the knowledge to realise at a very early stage that Fifa wanted something fundamentally different than what we were putting on the table like it,” the minister said. “I wish we had had foresight to appreciate that earlier in order to stop the investment of £15m.”
England’s spending per vote won was the worst of any bidding country apart from Australia, who spent £28m on their 2022 campaign and won a single vote.
The FA accounts also show that overall turnover dropped in 2010 by buy canada goose jacket uk £5m to £304m, mainly due to the effect of the collapse of the TV broadcaster Setanta in 2009, which cost the FA £8m in income last year.
Overall however, there were signs that the FA’s finances are working efficiently with the organisation returning profit after buy canada goose parka uk tax of £9m compared to a £3m loss in 2009. “This has enabled the group to increase its reserves for the first time since 2006,” says the annual report. The FA’s total cash balances increased by £10m during the year and now stand at £75m.
Income from the Club Wembley scheme dropped by £5m to £60m, and can you wash canada goose jacket income from events at Wembley fell authentic canada goose outlet by £6m to best canada goose coat for skiing £12m due to fewer events being best place buy canada goose jacket toronto staged. Despite England’s disappointing display at the 2010 World Cup the FA earned £7m in prize money from the tournament in South Africa.
The FA made significant savings by cutting the amount it invests in the game by £5m, with grants to the Football best fake canada goose jacket Foundation cut by £3m compared to 2009. Other cuts included £3m from FA Cup television payments to clubs and prize money. The closure of the FA’s final salary pension scheme saved a further £2m.