Football Australia confirms $8.5 million deficit despite growth in revenue
Football Australia's $8.5 million loss has angered chairman Anter Isaac, who has demanded improvement as part of the sport's national governing body's commitment to 'cost efficiency' and 'operational effectiveness'.
The substantial loss for 2024 was confirmed at Friday afternoon's FA annual general meeting, where Isaac was unanimously re-elected as chairman.
'We are not satisfied and look towards continued improvement,' Isaac said.
'That is our obligation to grassroots football and all our football stakeholders.'
Despite the $8.5 million deficit, confirmation has come after James Johnson's sudden resignation as FA chief executive officer earlier this month – FA's revenue grew to $124 million in 2024.
'While we are happy with this, we believe that there continue to be opportunities to increase the value of our brands and commercial activities to help reinvestment into our game from national teams and especially to the grassroots,' Isaac said in his chairman's report.
'The past year has been one of strategic renewal and disciplined ambition. Though it all, our focus remains clear – to build a football ecosystem that is united, resilient and ready for the future.'
Isaac said Johnson's interim replacement, Matildas great Heather Garriock brought 'an unmatched passion for the game, deep football knowledge, executive acumen and a clear vision for the future'.
'We are confident in her ability to lead Football Australia with strength, unity and a mindset of service that reflects the values of our entire football family,' he said of Garriock,
Isaac FA's 'priorities' were clear.
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