U.S. Soccer ends FY '22 with smaller deficit than budgeted for

U.S. Soccer finished FY '22, which ended on March 31, with a deficit of $19.9M, after the National Council in '21 "approved a budget with a deficit" of $40.6M, according to Paul Kennedy of SOCCER AMERICA. The federation would have "finished with a surplus" of $4M, but it has put the $24M "settlement of its litigation with members of the women's national team in FY2022 even though it will be paid out over the next four years." Federation revenues “increased" by $40.2M from "what was originally budgeted." Revenues from USMNT events were $19.6M "higher than anticipated,” and revenues from USWNT events “increased" $9.2M. Revenues from federation operations (including commercial deals) “increased" by $8.3M. USSF CFO Pinky Raina said that the budget had been "done in the fall of 2020 before a Covid-19 vaccine was available" and national team matches in ‘21-22 had "fans in attendance at much higher rates of capacity than was taken into consideration when the budget was done” (SOCCERAMERICA.com, 5/21).