EXCLUSIVE: The Scottish FA prepare to make 18 redundancies with the governing body facing projected loss of £4.5m next year as it continues to be hit hard by coronavirus crisis
- The Scottish FA set to make 18 job cuts forced by financial chaos of COVID-19
- The governing body are facing projected losses of £4.5million next year
- Last month it secured £5m loan from Coronavirus Business Interruption Scheme
- The move to make redundancies is set to hit every department at the SFA
The Scottish FA are poised to make 18 members of staff redundant in a cost-cutting measure forced by the coronavirus crisis.
With revenues decimated by international and cup games being played behind closed doors, Scotland’s governing body face a projected loss next year of £4.5million and moved last month to secure a Coronavirus Business Interruption Loan of £5million from Santander Bank.
Annual accounts recently published also contained a warning from auditors Grant Thornton that a ‘material uncertainty exists that may cast doubt on the Group’s ability to continue as a going concern.’
The Scottish FA have made 18 job cuts as it struggles without regular revenue from ticket sales
The governing body, led by CEO Ian Maxwell (pic), face projected losses of £4.5m next year
With the assistance of philanthropists Lord Willie Haughey and Sir Tom Hunter the SFA agreed to buy Hampden, the national stadium, last year from Queen’s Park for £5million.
And while victory over Serbia in next week’s Euro 2020 play-off final in Belgrade could be worth £10million from UEFA, the SFA have been forced to conduct a strategic review of the functions they perform and how they do them in recent months.
And in a move projected to hit every department – including Malky Mackay’s performance set-up – a consultation period new round of job cuts was initiated during a series of calls on Monday and Tuesday.
Forced to cut jobs at the end of 2019, the latest efficiencies follow similar action by the Football Association in June.
England’s governing body laid off 124 members of staff to protect itself against a projected deficit of £300million over the next four years as a result of the ongoing health crisis.
The cuts are expected to hit every department, including Malky Mackay (R) and his performance set-up