In the afterglow of the 2021 FA Cup final, the CFA held the 5th meeting of the 11th Executive Committee and the 2nd meeting of the 11th General Assembly in Chengdu in the afternoon of January 8th and the morning of January 9th. As the meeting proceeded, the top management of the CFA delivered one message after another that made people's hearts heavy.In the assembly on January 8, the top management of the association bluntly pointed out that the national football team was going through a difficult time, and that its achievements fell far short of the public's expectations.In the assembly on the morning of January 9, the person in charge of the finance department of the CFA, Mr. He Xiaofeng, disclosed that, based on the annual financial report of the CFA for the year 2019/2020, the association has accumulated a net loss of up to RMB 10 million over the past two years, and that it had a net loss of up to RMB 10 million. two years accumulated a net loss of up to 50 million RMB.
The on-site meeting of the FA Executive Committee on the afternoon of the 8th attracted the participation of 23 executive committee members, including Du Zhaocai, Deputy Director General of the General Administration of Sport and Secretary of the Party Committee of the FA, Chen Xuyuan, Chairman of the Association, Liu Yi, Secretary General, and Sun Wen, Vice Chairman of the Association. Another 7 executive committee members participated via remote video due to the impact of the epidemic. The meeting heard a report on the preparations for the 2nd meeting of the General Assembly, and considered and passed the report on the work of the Chinese Football Association (CFA) and the financial reports of the CFA for 2019 and 2020. The meeting unanimously agreed to set up six branches of the association, including the Press Committee, Technical Committee and Referee Committee, and submit them to the General Meeting for consideration; approved the resignation application of Executive Committee member Zhang Aijun and the agenda of the 2nd Meeting of the 11th General Meeting. At the same time, it was confirmed that the 2nd meeting of the General Assembly would be held in Chengdu on the following day. During the meeting, the Preparatory Team of China Professional Football Clubs Federation introduced the progress of the equity diversification reform of professional clubs to the executive committee members, who had a warm discussion on the topics of equity reform, salary limitation in the league, youth cultivation, coach training, etc. The executive committee members also discussed with the executive committee members the progress of the equity diversification reform of professional clubs. Du Zhaocai, deputy director of the Association, pointed out in his speech that the national football team is facing difficulties, and there is still a big distance between the performance of the national team and the public expectations and requirements of the leaders, and the reform of the soccer should not be delayed. He emphasized that the Executive Committee, as the core of the Association, needs to think deeply about exploring the path of reform and development of the national football, recognize the situation, perform its functions well, and make suggestions for the healthy development of the national football. On the morning of the 9th general meeting, the report and financial report, the report on the change of the executive committee members and other topics were considered and voted on. According to He Xiaofeng's report, in the two years 2019-2020, the football association will have a net loss of 50 million yuan. The report showed that in 2019, the association's revenue was 820 million yuan and expenses were 860 million yuan; in 2020, the revenue was 460 million yuan and expenses were 470 million yuan. He revealed that the FA will continue to strengthen commercial development, budget management, resource allocation optimization and internal control construction to ensure the association's sustainable development. The continuous losses of the Football Association are closely related to the bad debt of the league copyright and the investment in epidemic prevention. Industry insiders analyze that, affected by the financial problems, the 2019 season league copyright fees are in arrears, and the relevant lawsuit is still under trial.In the 2020 season, the league adopts the tournament system due to the impact of the epidemic, and the input of epidemic prevention is huge. In comparison, in 2017, the Association's revenue was 760 million yuan, the cost was 590 million yuan, and the net income was 170 million yuan; in 2018, the revenue was 840 million yuan, the cost was 810 million yuan, and the gain was 30 million yuan. The Association accumulated a net gain of $200 million over the two years.
