CAF Declares and Celebrates Significant Financial Turnaround!
• Deficit reduced by a whopping 68% from USD 28.9 million to USD 9.2 million!
• Highest ever distribution of financial support to Member Associations and Zonal Unions!
• Prize monies increase by 40% as revenues soar!
• Additional USD 25.7 million invested in Football Development!
“CAF’s financial health is thriving, and we’re committed to continuing this positive trend. Our focus on responsible financial management and strategic investments in football development will ensure a bright future for African football.”
As African Coaches Connect (ACC), the continent’s premier organization for football coaches and professionals, we are thrilled to witness the remarkable financial transformation of the Confederation of African Football (CAF). The recent announcement of CAF’s significantly reduced deficit and substantial investment in football development is a resounding endorsement of President Patrice Motsepe’s visionary leadership and his unwavering commitment to growing the sport across Africa. Under his astute and business-savvy guidance, CAF is poised for a brighter future, and we are eager to continue our support and partnership in driving progress and excellence in African football. This transformation is a testament to the power of effective leadership and strategic management, and we applaud CAF for its dedication to developing the beautiful game on the continent.
Immediate Gains:
– Increased prize money for competitions, benefiting national teams, clubs, and host associations
– Enhanced financial support for Member Associations, enabling them to develop football infrastructure and programs
– Introduction of allowances for clubs participating in CAF competitions
Medium-Term Gains:
– Improved football infrastructure development across Africa, enhancing the overall quality of the game
– Increased investment in football development programs, focusing on grassroots, schools, and match officials
– Growth in media rights and sponsorship revenues, further solidifying CAF’s financial stability
Long-Term Gains:
– Sustainable football ecosystem development, ensuring African football’s continued growth and competitiveness
– Increased opportunities for African coaches, players, and professionals to excel globally
– Enhanced reputation and credibility for CAF, attracting more investment and partnerships.
Forecasted Developments :
• Increased investment in grassroots development programs, such as youth leagues, women’s football, and coaching education.
– $200,000 per Member Association (MA) for youth leagues and women’s football
• Enhanced infrastructure development, including stadium renovations, pitch maintenance, and training facilities.
– $500,000 per MA for stadium renovations and pitch maintenance
– – $200,000 per MA for training facilities and equipment
• Improved administrative capacity, including staffing, governance, and compliance.
– $150,000 per MA for coaching education and training facilities
– $100,000 per MA for staffing and governance.
• Expanded competitions and programs, such as regional tournaments and player development initiatives.
– $300,000 per MA for regional tournaments and player development initiatives.
• Enhanced marketing and branding efforts to promote African football globally.
– – $200,000 per MA for marketing and branding efforts.
Improvements:
• Member Associations:
– Increased financial stability and reduced reliance on government funding
– Enhanced ability to invest in football development programs and infrastructure
– Improved governance and administrative capacity
– Increased participation in CAF and FIFA competitions
– Enhanced reputation and credibility
• Clubs:
– Increased revenue from appearance fees and prize money
– Improved financial stability and ability to invest in player development and infrastructure
– Enhanced competitiveness in CAF and international competitions
– Increased investment in youth development programs and academies
– Improved fan engagement and marketing efforts
Overall, the 100% increase in funding, appearance fees, and prize money is expected to have a transformative impact on African football, driving growth, development, and competitiveness across the continent.
Member Associations:
– $1,200,000 per MA in total funding (100% increase)
– $400,000 per MA for football development programs (100% increase)
– $200,000 per MA for infrastructure development (50% increase)
– $150,000 per MA for administrative capacity (50% increase)
• Clubs:
– $500,000 per club in appearance fees (100% increase)
– $200,000 per club in prize money (40% increase)
– $100,000 per club for youth development programs and academies (50% increase)
Please note that these figures are based on the assumption that the 100% increase in funding, appearance fees, and prize money will be distributed equally among Member Associations and clubs.
However, actual figures and allocations may vary depending on CAF’s discretion and budgetary decisions. It is hoped that CAF will announce the actual figures and allocations for the sake of fiscal responsibility and accountability.
Eldred Sunju-Abbey, Founder and President of African Coaches Connect (ACC), lavishes praise on President Patrice Motsepe and CAF staff “We extend our heartfelt gratitude and deepest appreciation to President Patrice Motsepe and his dedicated CAF staff for their remarkable achievements in transforming African football. Under his visionary leadership, CAF has made tremendous strides in various areas, and his relentless drive for excellence will undoubtedly continue to inspire even greater success. This remarkable financial transformation is a resounding testament to their unwavering commitment to growing the sport, and the resulting reduced deficit and increased investment in development will have a profound and far-reaching impact on African football, benefiting coaches, professionals, club owners, and the entire ecosystem.
The African Coaches Connect (ACC) applauds CAF’s leadership and commitment to developing African football. This financial turnaround and investment in development will have a profound impact on the sport, benefiting coaches, professionals, club owners, and the entire ecosystem. We look forward to continuing our partnership with CAF to drive progress and excellence in African football.
With him and CAF commitment, as we want more from this momentum, we’re excited to see what future holds for African football
With President Motsepe and CAF’s continued commitment, we’re excited to see what the future holds for African football. As we build on this momentum, we will continue to ask and strive for more as we’re eager and excited to witness the continued growth and success of the sport.”
