FPF to build housing unit in Football City

The Football City, in Oeiras, will have a housing unit, whose cost will be borne by the profits obtained from the Portuguese Football Federation (FPF) in the 2017/18 season.

Official source of the FPF has reported start-up in the second phase of the Football City, with the construction of 46 rooms, which is already licensed, and for which the investment of 3.9 million euros (ME) is planned.

This amount results from part of the largest ever profit achieved by the body, present in the Report and Accounts that will be submitted to a vote in the General Assembly on 29th, calculated at 7,056 ME, a value well above the 68.5 thousand euros budgeted.

According to the same source, the positive result was largely due to the 3.9 ME of added value from the sale of the former federal headquarters, in Rua Alexandre Herculano, in Lisbon, to the premium of 12.6 ME with the reaching the first round of the FIFA World Cup2018 [pre-budget 8.4 ME with attendance] and the increase in revenues from social games and sports betting and FPF’s commercial activity.

The infrastructure accommodation unit will allow to host two selections simultaneously or the main selection in exclusivity, and its inauguration is scheduled for the stage of preparation for the Euro2020.

In addition to this investment in the second phase of the City of Football, which also provides for the construction of a museum, a futsal pavilion and a field for beach soccer, net federal income will still be applied in support of non-professional football 1.4 ME), the reinforcement of the support program for clubs and associations for the increase of practitioners Crescer2020 (900 thousand euros), the administrative modernization of the members of the FPF (700 thousand euros) and the reinforcement of the wealth funds (104 thousand euros ), if approved at the meeting.

The same federative source reported that the agency’s main revenues were derived from broadcasting, advertising and sponsorship rights (25.6 ME), social gaming and betting (16.7 ME), as well as the World Cup2018 (12.6 ME).

The selections activity leads the way, with 20.2 ME, of which 13.6 in the main selection, over 2.5 in the young teams, 2.2 in women and 1.7 in futsal and beach soccer . This is followed by expenditure on national sports activities (12.4 ME), staff costs (6.7 ME) and service providers (5.5 ME).

The net result reached in 2017/18 of 7,056 ME is almost twice that obtained last season (3.7 ME), which included participation until the quarter-finals of Euro2016.

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