The Football Association of Wales (FAW) has reported a pre-tax profit of £3.1m for the 12-months ending 30th June 2021.
The FAW’s turnover in the period increased by 93% to £28.1m as the association recovered from the Covid-19 pandemic, with the financial result positively impacted by the delay of UEFA EURO 2020 finals by one year to June and July 2021.
The success of the Cymru Men’s National Team continues to have a positive impact on the FAW’s finances. Qualification for major tournaments and promotion in the UEFA Nations League to Group A have had a material impact on both the FAW’s turnover and profitability.
The financial performance of the FAW is vitally important in the delivery of the Our Wales / Ein Cymru 2021-26 Strategic Plan for Welsh Football. As the FAW strives to make Wales a leading football nation, the financial position provides Welsh football with a solid platform to invest in improving grassroots facilities. As recently communicated, the profits from Cymru’s qualification for the 2022 FIFA World Cup will be invested in full back into grassroots facilities.
FAW President, Steve Williams said: “The strong financial performance reported in these accounts, has already enabled the Association to increase its investment in Welsh grassroots football facilities. Continued success on the field, along with our qualification for our first World Cup finals in 64-years, will enable the FAW to commit further, and much needed, investment towards improving more and more football facilities across Wales, which will help us continue the impressive growth that we have seen in participation at all levels of the game during the past 12 months.”
The principal activity of the FAW is to promote and administer the game of association football in Wales.