EPL: FA set to announce job cuts and £75m budgetary to cover £300m black hole

The FA are believed to be close to confirming extensive financial cuts and job losses as they aim to plug a £300million black hole.

English football’s governing body had no option but to consider making a raft of financial restrictions across numerous departments to offset the huge losses caused by Covid-19.

Sportsmail understands the FA are in the final stages of approving a range of budgetary constraints to the tune of £75million with a view to announcing those measures this week.

Some budgets, however, will be protected — with women’s football among the areas understood to be ring-fenced.

The coronavirus crisis has had major financial implications on football across the world and the FA are among the organisations to be deeply impacted.

Wembley chiefs have estimated that the pandemic will cost them anything between £100m and £300m.

The FA have taken on extra borrowing in order to spread that loss over the next four years.

Due to the vast sums of money available at the top end of the game and relatively low costs attached to grassroots football, there is hope those areas will not be greatly impacted.

However, operational changes across the FA are inevitable.

Sportsmail revealed in April how the cuts could impact the national football centre St George’s Park.

That could lead to some England junior teams being merged and senior coaches going part-time.

Source via allfootballapp