New Zealand Football Chief Executive Graham Seatter has forecast a bright financial future for the code despite reporting an $189,000 loss at the sport’s Annual Congress today.
Seatter unveiled the deficit to New Zealand Soccer’s 117th annual meeting in Auckland, just before the code officially re-branded to New Zealand Football.
While “disappointed” with the loss, Seatter hoped the figure was taken in context against the almost $8 million in activity undertaken by NZ Football in 2006.
The result is also a $207,000 improvement on the national body’s 2005 loss and is the first time since 2003 that the combined finances of NZ Football and its seven regional federations are in the black.
Story courtesy NZF Media…