Sacking England manager Fabio Capello saved the FA £2m

The Italian departed shortly before Euro 2012

Fabio Capello's departure as England manager saved the Football Association around £2million, the organisation's annual accounts have revealed.

Club England's operating costs - including the salaries of the England manager and his coaching team - decreased from £8million in 2011 to £6million last year, a saving of £2million over a period of around six months.

Capello quit in February last year after John Terry was stripped of the England captaincy, and agreed a severance package to cover the months before his contract - believed to be for £6million a year - was due to expire in July 2012.

The Italian was succeeded in May 2012 by Roy Hodgson, and the FA said Capello's salary and pay-off are confidential but confirmed that the costs related to Hodgson being England manager are less.

FA general secretary Alex Horne confirmed: "Roy earns less than Fabio did, but the deal with Fabio is confidential."

The accounts say: "Total expenditure remained consistent with 2011 at £21million with savings in the men's senior team coaching staff offset by increased tournament costs from the UEFA Euro 2012 finals."

The FA's overall revenue dropped slightly compared to 2011, £318m compared to £329m, caused by Wembley Stadium having hosted the Champions League final the previous season - earning the FA £3.6m.

The Olympic football tournament in 2012 also reduced the number of lucrative summer concerts the stadium could hold - for example in 2011 there were eight Take That concerts during the summer. It has also emerged that the FA may face a fight with Wales to host the final and semi-finals of Euro 2020.

Wales has joined England as among seven countries to have declared an interest in bidding to host the climax of the tournament but Horne admitted Turkish city Istanbul is the front-runner.

The other countries to have declared an interest are Germany, Spain, Belgium and Ukraine - all bar Ukraine and Turkey have also declared an interest in hosting group matches in the tournament, which is being played in 13 different cities across Europe, if they are unsuccessful in landing the final.

Horne said Istanbul was now favourite after losing its bid for the 2020 Olympics but that hosting group matches too would be important - it would guarantee England two home group games if they qualified.

Horne said: "There are several countries bidding for the final, and from our soundings you do sense there is a sympathy for Turkey with Istanbul having not got the Olympics.

"They are the front-runners but the prize of group games and a quarter-final or knockout match would be significant. It would mean two home games for England in the group, though we would still have to qualify."

Scotland and the Republic of Ireland have also declared an interest in hosting group games - indeed 32 of UEFA's 54 member nations have done so with a decision due in September next year.

PA

News
More than 90 years of car history are coming to an end with the abolition of the paper car-tax disc
newsThis and other facts you never knew about the paper circle - completely obsolete today
News
people'I’d rather have Fred and Rose West quote my characters on childcare'
Life and Style
The new Windows 10 Start Menu
tech
Arts and Entertainment
There has been a boom in ticket sales for female comics, according to an industry survey
comedyFirst national survey reveals Britain’s comedic tastes
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Travel
Bruce Chatwin's novel 'On the Black Hill' was set at The Vision Farm
travelOne of the finest one-day walks you could hope for - in Britain
Sport
footballManchester City 1 Roma 1: Result leaves Premier League champions in danger of not progressing
Arts and Entertainment
Gay and OK: a scene from 'Pride'
filmsUS film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
News
i100
Life and Style
Magic roundabouts: the gyratory system that has excited enthusiasts in Swindon
motoringJust who are the Roundabout Appreciation Society?
Arts and Entertainment
Hilary North's 'How My Life Has Changed', 2001
booksWell it was good enough for Ancient Egyptians and Picasso...
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Ebola outbreak: The children orphaned by the virus – then rejected by surviving relatives over fear of infection

The children orphaned by Ebola...

... then rejected by surviving relatives over fear of infection
Pride: Are censors pandering to homophobia?

Are censors pandering to homophobia?

US film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
The magic of roundabouts

Lords of the rings

Just who are the Roundabout Appreciation Society?
Why do we like making lists?

Notes to self: Why do we like making lists?

Well it was good enough for Ancient Egyptians and Picasso...
Hong Kong protests: A good time to open a new restaurant?

A good time to open a new restaurant in Hong Kong?

As pro-democracy demonstrators hold firm, chef Rowley Leigh, who's in the city to open a new restaurant, says you couldn't hope to meet a nicer bunch
Paris Fashion Week: Karl Lagerfeld leads a feminist riot on 'Boulevard Chanel'

Paris Fashion Week

Lagerfeld leads a feminist riot on 'Boulevard Chanel'
Bruce Chatwin's Wales: One of the finest one-day walks in Britain

Simon Calder discovers Bruce Chatwin's Wales

One of the finest one-day walks you could hope for - in Britain
10 best children's nightwear

10 best children's nightwear

Make sure the kids stay cosy on cooler autumn nights in this selection of pjs, onesies and nighties
Manchester City vs Roma: Five things we learnt from City’s draw at the Etihad

Manchester City vs Roma

Five things we learnt from City’s Champions League draw at the Etihad
Martin Hardy: Mike Ashley must act now and end the Alan Pardew reign

Trouble on the Tyne

Ashley must act now and end Pardew's reign at Newcastle, says Martin Hardy
Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?