dec 20, 2017 - Falkirk FC announce they can no longer afford to fund the Forth Valley Football Academy intended to deliver the SFA's Project Brave and are therefore cutting the funding

Description:

"Over the past ten years our business model has become more and more reliant on player sales, finishing higher than top four in the Scottish Championship and a strong run in cup competitions.
"Since the successful run to the Scottish Cup Final in 2015 the club has made losses over the past two years at an operational level, even after player transfer income has been taken into account. This is likely to continue in the current year given how we have performed in the season so far.
"Ultimately, this model is unsustainable. If we carry on doing what we have always done, we will remain as we are presently. We recognise an absolute need to change the way we do things.
"We want to be a Premiership football club, and to achieve this, our first team needs to be our absolute focus.
"As a result of this, the decision has been taken to prioritise the use of available resources in our first team. From 31 December onwards, Falkirk Football Club will therefore cease its funding of the Forth Valley Football Academy. "

https://www.dailyrecord.co.uk/sport/football/football-news/falkirk-explain-decision-axe-renowned-11726468