Malta Football Association
NEWS:
Malta FA publishes financial report for season 2020-21
Jul 21, 2021
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Malta FA Treasurer Ivan Mizzi. PHOTO: Domenic Aquilina/Malta FA
Malta FA Treasurer Ivan Mizzi. PHOTO: Domenic Aquilina/Malta FA

The Malta Football Association has published its financial report for the year ending 31st March, 2021.


The financial report, presented by Malta FA Treasurer Ivan Mizzi and approved during the ongoing Annual General Meeting, shows a total operating income of €8.5 million for season 2020-21 while the total expenditure was €8.4 million.

 

Inevitably, the repercussions of the COVID-19 pandemic had a very negative effect on the Association’s revenues for season 2020-21. The complete loss of gate income from the domestic competitions, from September up to March when the sports activities were banned by the Health Authorities, and international commitments owing to the fact that all games were played behind closed doors, loss of revenue from the Association’s commercial facilities and the hefty costs associated with the implementation of the rigorous COVID-19 protocols impacted the Malta FA finances.

 

These losses were partially offset by the FIFA COVID-19 assistance, amounting to €995,339, albeit a large portion of these funds – €530,000 – were allocated to schemes for Member Clubs and Member Associations, while the Government Wage Supplement Scheme contributed towards the wage costs.

 

Travel and accommodation expenses for the national teams at all levels, the maintenance of the Association’s facilities and match expenses account for a significant portion of the Association’s expenditure.
 

On the other hand, the Association’s main income sources were UEFA grants, namely from the UEFA HatTrick Annual Solidarity programme, (€2.3 million), TV rights (€2.5 million) and FIFA Financial Assistance Programme (€1.2 million).
 

The difficulties were reflected in the financial performance of the association with the audited accounts showing that the Association ended the financial year with a surplus of expenditure over income for the year of €1,310,553 and has seen its reserves go down to €460,879.

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