Posted May 03, 2024 03:29
· last edited May 03, 2024 03:31
For lack of a better spot. Financial surplus 2023 off the back of the WWC. Boost to the balance sheet and so hopefully enough cash to finance the programmes all the various national teams next few years
Forecast deficit next 2 years, but then fingers crossed future FIFA financial windfalls AWs & then Ferns both qualifying next 2 World Cups. FIFA now pay women's teams same as men's for WC qualification?
In the 2023 financial year there were several financial achievements, highlighted by a net operating surplus of $1.8m ($2.2m above budget), a notable increase in commercial and partnership revenue ($4.6m increase from 2022 budget) and total current members funds of $11.4m. The cyclical nature of football played a pivotal role in the financial performance with increased revenue linked to a World Cup year and hosting the FIFA Women’s World Cup 2023.
While these gains are commendable, we recognise the importance of financial planning to navigate the next two years of budgeted deficits and highly variable revenue streams and inflationary pressures. The current year's member funds reflect a strong financial position of $11.4m, putting the organisation in a positive position to adhere to the reserves policy which targets maintaining $4m in reserves at the end of the FIFA 2026 World Cup Cycle.
New Zealand Football has confirmed a strong financial position at today's Annual Congress after a record-breaking 2023, headlined by the @FIFAWWC.
— New Zealand Football 🇳🇿 (@NZ_Football) May 2, 2024
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Unknown editoredited May 03, 2024 03:31
For lack of a better spot. Financial surplus 2023 off the back of the WWC. Boost to the balance sheet and so hopefully enough cash to finance the programmes all the various national teams next few years
Forecast deficit next 2 years, but then fingers crossed FIFA financial windfalls AWs & then Ferns both qualifying next 2 World Cups. FIFA now pay women's teams same as men's for WC qualification?
In the 2023 financial year there were several financial achievements, highlighted by a net operating surplus of $1.8m ($2.2m above budget), a notable increase in commercial and partnership revenue ($4.6m increase from 2022 budget) and total current members funds of $11.4m. The cyclical nature of football played a pivotal role in the financial performance with increased revenue linked to a World Cup year and hosting the FIFA Women’s World Cup 2023.
While these gains are commendable, we recognise the importance of financial planning to navigate the next two years of budgeted deficits and highly variable revenue streams and inflationary pressures. The current year's member funds reflect a strong financial position of $11.4m, putting the organisation in a positive position to adhere to the reserves policy which targets maintaining $4m in reserves at the end of the FIFA 2026 World Cup Cycle.
New Zealand Football has confirmed a strong financial position at today's Annual Congress after a record-breaking 2023, headlined by the @FIFAWWC.
— New Zealand Football 🇳🇿 (@NZ_Football) May 2, 2024
Unknown editoredited May 03, 2024 03:30
For lack of a better spot. Financial surplus 2023 off the back of the WWC. Boost to the balance sheet and so hopefully enough cash to finance the programmes all the various national teams next few years
Forecast deficit next 2 years, but then fingers crossed FIFA financial windfalls AWs & then Ferns both qualifying next 2 World Cups.
In the 2023 financial year there were several financial achievements, highlighted by a net operating surplus of $1.8m ($2.2m above budget), a notable increase in commercial and partnership revenue ($4.6m increase from 2022 budget) and total current members funds of $11.4m. The cyclical nature of football played a pivotal role in the financial performance with increased revenue linked to a World Cup year and hosting the FIFA Women’s World Cup 2023.
While these gains are commendable, we recognise the importance of financial planning to navigate the next two years of budgeted deficits and highly variable revenue streams and inflationary pressures. The current year's member funds reflect a strong financial position of $11.4m, putting the organisation in a positive position to adhere to the reserves policy which targets maintaining $4m in reserves at the end of the FIFA 2026 World Cup Cycle.
New Zealand Football has confirmed a strong financial position at today's Annual Congress after a record-breaking 2023, headlined by the @FIFAWWC.