FAM's proposed budget for the year has an allocation of MVR 2.3 million for their atoll futsal tournament and two futsal leagues.
A total budget of MVR 48.3 million is to be proposed for approval at tonight's FAM Ordinary Congress. As per the budget draft, FAM's largest proposed expense is for tournaments and other events, with an allocation of MVR 27,299,229.
Of the total budget, 57.49 percent is dedicated for tournaments and events, which comes to a total of MVR 27.8 million. This includes MVR 4.5 million proposed for women's and age category tournaments and events.
Over MVR 2.3 million is to be spent on FAM's futsal tournaments. This includes MVR 1.8 million to hold the Futsal Atoll Championship, MVR 324,500 for the Futsal League, and MVR 245,750 for the Women's Futsal League.
Breakdown of budget proposals for futsal tournaments
- Futsal Atoll Championship: MVR 1,815,000
- Futsal League: MVR 324,500
- Women's Futsal League: MVR 245,750
- Total: MVR 2,385,250
Futsal has gained popularity in the Maldives. Maldives' National Men's Futsal Team brought back the trophy from the first SAFF Futsal Championship in January. The team won the championship without conceding a single match.
Despite the popularity of the sport, Maldives still lacks an indoor futsal court. Sports Ministry has announced that work on developing such a court will begin within the year.
FAM's total proposed budget comes to MVR 48,458,511. A large part of the funds is expected to come from FIFA, with the budget citing an estimated MVR 32,703,111 to come from FIFA. The budget also states that MVR 8,750,000 is expected through sponsorships. It also projects MVR 1,800,000 will be received through the Sports Ministry, and MVR 308,400 from the Japan Football Association.
FAM expects a budget surplus of MVR 72,741 at the end of the year.
