Is this TRUE? I always thought the USSF is sitting on a huge pile of cash. How are they burning through the cash reserves so quickly? Is this a political play, given the ongoing battle with the USMNT? However, this seems to give some indications that the USSF might actually be running out of money. If TRUE, I think this is a great opportunity to clean house and reset. "New USSF CEO Will Wilson has taken a 50 percent pay cut just a few weeks into the job and said it “became quickly apparent that the status quo was not sustainable for the economic viability of the Federation.” Senior staff have been fired, over 50 job cuts occurred and 12 youth national teams have been cut until at least 2021." https://sports.yahoo.com/report-u-soccer-perilous-financial-142945721.html
If you are looking at forward financial viability you can’t simply rely on your existing cash. More important is long term future costs and revenues. Who knows what expenses they have forthcoming.
With the current situation in the world, there won't be any match day revenues coming in this year either. Add in litigation costs, and also they still have to pay the USWNT as well (salaried employees, plus their health benefits).
Could you imagine if the Fed went to the Tier 1 USWNT and asked them to take a pay reduction, or furlough right now?
Some of the numbers: https://docs.google.com/spreadsheets/u/0/d/1-oVLJxBVp2Jsm3inpvhND-sZ5tC55dTlJZI1N1quicU/htmlview
Can you imagine if the USSF paid the women equally to the men right now? It's telling how silent that side has gotten since it became apparent there likely won't be any international matches the rest of 2020...... If they were getting paid equally to the USMNT, they wouldn't be getting paid at all right now.
has Michael Bradley announced his retirement? The moment he does, the USMNT value increases by 7 trillion. For USSF monetary gains, Wins and trophies is what matters my friends.
The women's case is even more ridiculous. They want to get paid the same amount that France's mens team received for winning the men's World Cup, even though FIFA awards the prize money and the economics are entirely different. Of course, the fair and balanced soccer journalists like Grant Wahl et. al. do not draw out this impossible inconsistency. They'd rather lead the cheer-leading chorus of "Equal Pay!"
Which I'm sure will come up if this goes to court. I also wonder if the NWSL subsidy will get cut. Older players don't need the league but the younger ones do.
The top two salaries of the administrative staff were chief executive officer Dan Flynn ($899,440) and chief commercial and strategy officer Jay Berhalter ($779,765), the coach's brother.
I’m not sure I understand this. Why is there $9 million in expenses for the DA for 2021, higher than all other years? It was just scrapped. Is this being paid to house Chuck Blazers cats in trump tower for life? What?
USSF is under no obligation to continue subsidizing a failing business whose main beneficiaries are contributing to their benefactor’s financial failure, agreed.
Seems likely that when they were setting the 2021 budget they planned to have the DA going or they didn’t want to tip their hand.