Football Australia Reports Record $8.5M Loss Amid Revenue Growth, Leadership Change

Football Australia has reported a record $8.5 million loss in 2024 despite revenue growing to $124 million, a deficit attributed to increased investment in national youth teams, travel costs, and approximately $4.1 million owed by the Australian Professional Leagues (APL), with the actual debt believed to exceed $11 million. Chairman Anter Isaac, who was unanimously re-elected, expressed frustration but remains optimistic about future improvements through enhanced financial strategies and governance, emphasizing the need to support grassroots football and national teams without cuts. Following the sudden resignation of CEO James Johnson, former Matildas star Heather Garriock was appointed interim CEO and has indicated that Football Australia may need to undergo a 'right sizing,' potentially including job cuts, while maintaining strong investment in grassroots and national programs. Both Isaac and Garriock highlighted a positive and improving relationship with the APL despite financial disputes, underscoring that a strong A-League benefits national teams. Plans are underway to confirm Joe Montemurro as the new Matildas coach and to support ongoing major competitions and development of a national second-tier competition. Football Australia aims to build a united and resilient football ecosystem ready for the future while addressing current financial challenges.