fa loses £10m in one off hit but says its financial position is strong /

Published at 2016-01-21 00:00:03

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• Redundancy and restructuring programme costs £10m
• FA recorded an underlying profit after tax of £3m in 2014-15The Football organization has taken a one-off £10m hit because of its redundancy and restructuring programme but claims its latest accounts show it is better positioned for the future than it has been for decades.
During a period in which a string of senior executives left the FA and a restructuring programme resulted in 100 redundancies, the £10m one-off cost left the organisation with a £12.1m loss.
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Source: theguardian.com

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