PracticeConsultingEXCLUSIVE: Football finance squad formed

EXCLUSIVE: Football finance squad formed

The Football Association is close to launching a unit designed to tackle the growing problem of financial mismanagement within the game.

Resources have been set aside by the FA to recruit and launch the arm – expected to be called the ‘Football Advisory Unit’. Its aim is to promote the need for financial awareness within the 320 clubs in England which operate as businesses.

Jamie Magraw, head of the FA’s financial advisory unit, said the proposals for the workings of the unit were going through consultation with league representatives.

It is likely to be launched in time for the new season in August. Magraw said: ‘We are in the process of talking to the FA, the FA Premier League, Football League and non-leagues regarding what it is they want us to have in place.’

The FA is actively recruiting three qualified auditors to work within the unit. Their role will be to conduct reviews of the clubs, consult on best practice and provide detailed business plans.

The clampdown on football mis-management by the FA follows it’s double disappointment at losing out to Germany in its bid to host the 2006 World Cup – coupled with the thuggish behaviour of some England fans during the recent European Championships.

Renewed hope for beleaguered football clubs

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer