What millions?
NZF is broke as it is. Any money made from the Mexico tie will certainly not go towards a "quality overseas coach".
Not gonna happen.
Hmm, yeah, nah.
The injection of $5m (allegedly) from TV rights for next week's game certainly helps. We would be facing a much more frugal future without it.
But setting aside $1m of that over 4 years ($250k per year) to pay the All Whites coach would at least be a start. You could maybe then afford to get someone with A-League assistant-coaching experience.
Seriously people, that's the standard of candidate we will be looking at. Most A-League head coaches would expect to be on $300k+
I posted once before that I think probably the most value for money investment that Sport NZ could make into NZF is topping up the All Whites coach salary by $100-200k a year. That would push the job up into another league of candidate (although still not great). They won't do it though because the All Whites are not ranked high enough to be perceived as worth investing in (unlike the Football Ferns).
It's hard to have a discussion with someone who has already made up their mind, but lets look at the numbers...
For the year ending 31 December 2012, NZF were approx $8million in the black. This included an increase in revenue (i.e. income) of approx $300K (there's your future coach's salary). Sure, total equity will be less now, but they can shortly expect another injection of $5million.
At what point do you think it's safe to start spending money on a quality coach for the premier team?
It is likewise hard to have a discussion with someone who can't read a set of accounts.
You are quoting figures from the consolidated accounts, which include the New Zealand Football Foundation - a charitable trust which is untouchable from an operating point of view.
NZF's own equity at the end of 2012 was $2.5m. Down from $4.4m at the start of 2011.
NZF also made operating losses of $316k in 2011 and $964k in 2012 and was only able to report surpluses by making transfers from the international teams reserve, which is now gone.
Without the $5m we were looking pretty fucked but NZF have done well to secure that money and right the ship somewhat.
I would say that a modest investment in the All Whites coach is justified, but if you are thinking it should be much more than $1m over 4 years then I think that is putting us back into fairly risky territory. Of course, neither of us has the full financial picture (including the upcoming 2013 result) so this is largely speculation.