Seriously you got to question the leadership for as mentioned through a golden revenue period :
"Despite a commercial golden era for FA, with revenues climbing to an all-time high of almost $140 million, an explosion of its cost base and a series of significant one-off expenses – mostly related to now-resolved disputes with the Australian Professional Leagues – have chewed into FA’s bottom line to an alarming degree."
So as the bank balance grew they increase staff costs OTT ! as long as more was coming in OK but like WTF.
"The extra revenue brought in was almost entirely offset by a rise in employee costs, which jumped from $49.8 million to $63.1 million in a single year. That includes an increase in short-term benefits for “key management personnel” of more than $2 million, of which $810,000 is going to former board member Jaclyn Lee-Joe for services rendered in relation to FA’s launch of the PlayFootball 2.0 registration platform."
Seriously ???
A major source of the recent FA-APL tension related to grey areas in the A-League’s independence agreement, and in particular how certain money, including product betting fees – the royalties paid by bookmakers to sporting organisations for the right to offer bets on their events – should be split between them.
Too right JJ you dug in your heals in and rightly so !
APL can't have it both ways - you wanted your league you got to cover your own costs !
"There were also disputes over who should bear the cost of referees, as well as FA’s entitlement of 10 per cent of all inbound transfer fees to A-League clubs. The previous FA administration, led by former chief executive James Johnson, was determined not to cede any ground over these matters, but the new regime has taken a different view."
LOL
A further $3 million was spent on legal settlements, while another $3 million is listed as
“business transformation costs” following
a mass exodus of top executives over the past 12 months.
Milking our registrations and revenue - top executives my arse but typically they are a ok got their handy payouts.
Utterly pathetic - this is getitng worse and no wonder why the FA/APL done a deal and this is not good for the levels below whatsoever.
Am I wrong.