MLSZ allocates HUF 1.12 bln in TAO funds to Felcsút


The Hungarian Football Federation (MLSZ) has allocated HUF 1.12 billion in so-called TAO funds to the football club of Felcsút (46 km west of Budapest), news site reports.

TAO funds come from corporate income taxes earmarked for supporting sports clubs. Ideas and plans to be realized from the amount have not yet been revealed, it will come with future sport development programs published on the club’s website.

Since its introduction in 2011, some HUF 26.5 bln in TAO money has been allocated to the football club in Felcsút, the home village of Prime Minister Viktor Orbán. An additional HUF 22.4 bln has been generated by volunteer donations.

Felcsút has about 1,850 inhabitants, lower than the total capacity of Pancho Aréna, the home of its football club, which can host some 3,500 spectators.

Next year the second highest TAO fund will go to Gyimrót FC, at HUF 365 million, and Soroksár Sport Club Kft., at HUF 325 mln, says.


Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.