Football Australia to slash 20 per cent of workforce as CEO makes damning admission
Football Australia is set to reduce its workforce by 20% due to significant financial losses. CEO Martin Kugeler acknowledged the organization's failure to capitalize on recent successes, including the Matildas and the 2023 World Cup. The upcoming annual general meeting is expected to reveal even worse financial results than last year's record deficit of $8.5 million.
- ▪Football Australia will cut over 20% of its workforce amid financial struggles.
- ▪CEO Martin Kugeler admitted the organization has not effectively leveraged recent successes in women's soccer.
- ▪The annual general meeting next week is anticipated to disclose a financial loss greater than last year's $8.5 million deficit.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.