U.S. Soccer's proposed budget for
fiscal year 2021 calls for an operating deficit of $27.5 million, its largest ever as part of a five-year plan to make what it says is "significant investments in the long-term growth of the
The budget is contained in the book of reports issued for the 2020 AGM Feb. 13-16 in Nashville. It calls for operating revenues of $105.2 million and operating expenses of $132.7 million.
U.S. Soccer's projected operating deficit for fiscal year 2020 that ends on March 31 is $20.3 million with of revenues of $123.1 million and expenses of $143.4 million.
Its plan was the reduce its surplus of more than $160 million -- generated in part from a windfall from the hosting of the 2016 Copa Centenario -- to $50 million from 2018 to 2023. That number has been reduced to $42 million because of an unanticipated increase in 2020 losses due to rising outside legal costs.
Projected net investments:
2020: $122.9 million
2021: $99.1 million
2022: $72.3 million
2023: $42.2 million
Outside legal expenses were only $1.9 million for the fiscal year 2019. The budget was $3 million for fiscal year 2020, but the legal expenses are now projected to reach $12.7 million. The FY2021 budget: $9 million.
The budget anticipates the men's national team program will lose $2.2 million while the women's program will lose $5.7 million. (They do not take into account revenues the men and women generate from media and sponsorship rights.)
In 2020, which takes into account the Women's World Cup and post-tournament Victory Tour, the women are projected to make $2 million (the original budget was a $2.3 million loss) while the men are projected to lose about $2.96 million (a $1 million loss was budgeted).
In the big picture, the four years of activity -- 2018-21 -- show flat operating revenues and rising operating expenses. The biggest increases (FY2021 budget vs. FY2018 actual) are in general and administration ($10.2 million), the senior national teams ($6.8 million) and marketing & sponsorship ($3.4 million).
The youth national teams (men and women) are covered in a separate budget item than the senior national teams.
The fiscal year 2021 budget is only $10.3 million, down only $200,000 from the projected fiscal year 2021 but $6 million from $16.3 million in actual expenses in 2018. The expenses for youth national team coaches: $881,000 budgeted in fiscal year 2021 vs. $1.46 million in projected expenses in fiscal year 2020 and $2.3 million actual expenses in fiscal year 2018.
Player development -- which also includes the Development Academy, Showcases, High Performance and Scouting -- is almost a $30 million budget item in fiscal year 2021, but the budget has gone up only $300,000 -- 1 percent -- since 2018.
There is no breakdown of the budgeted costs, but the increase in general expenditures includes an increase in expenses to pay for more office space to alleviate the crowded conditions at U.S. Soccer House, the federation's home since the early 1990s.
One of the findings that came out of the federation's survey of employees was the need for better work conditions and more work space.