The People says the FA will be football's biggest money earner next season with an astonishing turnover of £200million.
Despite England's failure to reach Euro 2008, the FA's finances are going strong and with none of the substantial debt often attached to football clubs through bank loans and other outside funding.
And although the national team failed to qualify for Austria and Switzerland next summer David Beckham, John Terry, Steven Gerrard and Frank Lampard are the biggest draw on the international stage.
England's commercial power and marketability on the world stage is a major success story for the FA despite the deep disappointment within Soho Square at the first failure to qualify for a major tournament since the 1994 USA World Cup.
And the FA predict they can smash through the £200m turnover barrier in the 2008-9 season after recently agreeing a new international and domestic broadcasting rights deal worth a stunning £600m over a four-year period starting next season.