10 Jun 2009SFA continues to invest despite financial loss

Football Finance News | Football Leagues/ Association and Governance

A lack of football sponsorship deals for the Scottish Cup final is just one reason why Scotland's Football Association (SFA) suffered a loss of revenue in 2008.

The SFA saw a £5 million decrease in revenue last year, with the £20.6 million figure less than the record £25.3 million gained in 2007.

However, a number of reasons were given for the drop, including that the national team played more home games in 2007 and extra money was received through the compensation gained when Walter Smith took over as Rangers manager.

Meanwhile, the UEFA Cup final was also held in the country in 2007 and there was no football sponsor for the cup final.

Acting president of the SFA Campbell Ogilvie said: "The past 12 months has been a difficult year financially for football and for the rest of the world.

"The Scottish FA has not been immune to this. However, I am delighted to say we have still been able to make huge investments in the game."

These investments included money spent on youth football, coaching and refereeing, he added.

Ogilvie is also the managing director of Scottish Premier League club Heart of Midlothian.

Written by Tom Jenkins

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