Region: Europe and Central Asia (ECA)
Country: United Kingdom
Keywords: Innovative Revenues for Infrastructure (IRI) **
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Document Summary:
Wembley Stadium operator the FA recorded a best-ever £370m turnover in 2015–16, driven in part by a busier live events calendar.
Document Details:
The Football Association (FA), the owner of Wembley Stadium in London, posted record revenue of £370 million in the 2015–2016 financial year, bolstered by a packed events calendar at the 90,000-cap. stadium.
Turnover in the year ending 31 July 2016 grew 16.4%, from £318m in 2014–15, while the FA made an after-tax profit of £7m, compared to a £9m loss in the preceding 12 months.
According to its 2016 financial report, the growth was driven by three main factors: prize money and broadcasting income from England’s participation in the Euro 2016 tournament; higher sponsorship revenues, chiefly from Emirates’s sponsoring the 2015–2016 FA Cup; and an increase in revenue from live and sporting events at Wembley, which increased to 35 from 28 in 2014–2015, including four additional concerts.
Updated: August 8, 2023