UK & World News
Fabio Capello's Resignation Saved FA £2m
Fabio Capello's resignation as England manager has saved the Football Association up to £2m, according to the latest accounts for English football's governing body.
Capello, who resigned in February last year after John Terry was stripped of the England captaincy, was paid up to £6m a year by the FA, but his successor Roy Hodgson was recruited on a lower salary, delivering a saving to Wembley.
The accounts for the year to December 2012 reveal that operating costs for Club England, the FA subsidiary that manages the England team, had reduced from £8m in 2011 to £6m.
FA general secretary Alex Horne confirmed that Hodgson, recruited in May 2012, was paid less than Capello, and the reduction in salary combined with the three-month period when the FA did not employ a manager, explained the saving.
"Roy earns less than Fabio did, but the deal with Fabio is confidential," said Horne.
"We paid him a small amount of money as severance, but it was less than we would have paid him if he had stayed working for the European Championships. Roy only started work just before the Euros, so we saved money."
The FA's total revenues declined by £11m in 2012, from £329m to £318m, largely because of the impact of the London Olympics.
Wembley was unable to host concerts and other events during the Olympic period, meaning it missed out on similar revenues to those brought in by 11 Take That concerts in 2011. The absence of the Champions League final, worth £3.6m in 2011, also contributed.
Horne also said the outstanding debt form the construction of Wembley stands at £267m. The accounts show the FA spent £26m on interest servicing that debt in 2011.
The FA has a further £100m of debt associated with the National Football Centre at St George's Park in Staffordshire, which opened in 2011. It recorded a £6.5m loss for the year, but Horne said he expected it to break even in three to five years.
Wembley is staging two NFL games over the next month, Minnesota Vikings v Pittsburgh Steelers on Sunday, September 29 and the Jacksonville Jaguars v San Francisco 49ers on October 27.
Managing director Roger Maslin said he would be keen to host the Super Bowl were the opportunity to arise.
"Absolutely - if they are bringing it anywhere in the world we would want it here at Wembley.
"If you spoke to Roger Goodell at the moment he would say it would be still be staying in the US, but they are a very progressive organisation so in the long, long, long term they might consider it, but it's a hell of a call."
Maslin said he was completely confident the NFL games would not have any effect on the Wembley pitch ahead of the England football team's important World Cup qualifying matches.