The Malta Football Association reported a deficit of €1.6m in its finances after financial statements for the period April-December 2021 were presented during the Association’s first General Assembly of the year 2022 on Tuesday.

The report, presented by association Treasurer, Ivan Mizzi showed that the MFA had a total operating income over 9 months of €6.2m, while the total expenditure was of €7.8m.

The national football organisation said it mainly attributes this loss to the heavy impact of the COVID-19 pandemic, which caused the second season in a row to be stopped short. They added that besides this, the Association incurred significantly higher costs related to match operations and international travel to adhere to public health protocols.

 

Continue reading this article on Sports Desk, the new sports website by Times of Malta

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