Malta FA publishes financial report for season 2019-20

The Malta Football Association has published its financial report for the year ending 31st March, 2020. The financial report, presented by Malta FA Treasurer Ivan Mizzi and approved during the ongoing Annual General Meeting, shows a total operating income of €8.9 million for season 2019-20 while the total expenditure reached €9.6 million. €3.2 million of the Association’s expenditure was spent on domestic competitions and assistance to clubs. Apart from domestic competitions, travel and accommodation expenses for the national teams at all levels, wages, sports facilities and maintenance account for a significant portion of the Association’s expenditure. On the other hand, the Association’s main income sources were UEFA grants (€3.1 million), TV rights (€2.5 million), sports facilities (€942,000) and FIFA Forward (€700,0000). The Association also received an extraordinary grant of €4.5 million under the UEFA Hat-Trick Five programme. In season 2019-20, the Malta FA maintained its social responsibility commitment as 20 NGOs benefited from financial donations and other assistance under the Football For Life programme, amounting to €86,000. The audited accounts show that the Association posted a surplus of income over expenditure of €1.27 million.