Malta Football Association
NEWS:
Malta FA financial report for season 2018-19 presented
Jul 20, 2019
Posted in:
General
Ivan Mizzi, the Malta FA Treasurer, presenting the Financial Report. PHOTO: Domenic Aquilina/MFA
Ivan Mizzi, the Malta FA Treasurer, presenting the Financial Report. PHOTO: Domenic Aquilina/MFA

The Malta Football Association has published its financial report for the year ending 31st March, 2019.


The financial report, presented by Ivan Mizzi, the Malta FA Treasurer, shows a record income of €9.4 million for season 2018-19 while the total expenditure was €7.9 million.

 

€1.8 million of the Association’s global expenditure last season was spent on domestic competitions and assistance to clubs.

 

The Malta FA’s operational costs represent 26 per cent of the annual expenditure with 38 per cent taken up by national teams and youth development. An increase of over 30 matches for all national teams compared to the previous season led to the rise in the related expenses.

 

Costs related to sports facilities have dropped slightly from €1.5m to €1.4m with maintenance works carried out by Malta FA infrastructure employees contributing to these savings.

 

The turnover related to the national teams and youth development in season 2018-19 exceeded the €3.9 million mark. The principal sources of income were television rights, the gate receipts form the Malta-Spain Euro 2020 qualifier played on March 26, and sponsorships.

 

Expenses in this area totalled nearly €3 million with travelling and accommodation costs for the national teams at all levels, from U-16s to the seniors (men and women) totalling over €1.2 million.

 

The chartered flights for the senior national team and the commitments in the inaugural UEFA Nations League last season increased the costs in this sector.

 

The audited accounts show that the Association posted a surplus of income over expenditure of €227,913 in season 2018-19.

 

The Malta FA posted a surplus before depreciation of over €1.5 m for season 2018-19 and an accummulated fund of €646,239 in season 2018-19.

 

In season 2018-19, the Malta FA consolidated its social responsibility commitment as the financial assistance under its Football For Life programme exceeded €98,000. 

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