CAF Rides Wave Of Financial Success, Announces Record Investments In African Football

Addis Ababa, THE NEWSHAUS – The Confédération Africaine de Football (CAF) has announced a remarkable financial turnaround, unveiling a 68% reduction in losses and projecting a net profit for the 2024-2025 fiscal year.

The news was revealed during the 46th CAF Ordinary Assembly held in Addis Ababa, Ethiopia, on Tuesday, 22 October 2022.

The organisation, under the leadership of President Dr. Patrice Motsepe, has successfully implemented strategic reforms, culminating in a dramatic shift from a USD 28.9 million deficit in 2022-2023 to a projected net profit of USD 11.7 million.

This achievement marks a significant milestone for CAF, signaling a strong financial foundation for future growth and investment in African football.

CAF’s financial success stems from a combination of factors, including increased revenues from media rights and sponsorships.

These robust revenues have enabled the organization to invest record amounts in member associations, zonal unions, and development programs.

A key highlight of the 2024-2025 budget is the significant increase in annual financial support for member associations, doubling from USD 200,000 to USD 400,000.

This substantial boost aims to empower national football federations, enabling them to strengthen their infrastructure and invest in grassroots development.

The CAF leadership has prioritized a strategic allocation of resources, dedicating 84% of expenditure towards African football development.

This commitment reflects a clear vision to nurture the sport from the grassroots to the professional level, creating a sustainable and flourishing football ecosystem across the continent.

Key Highlights of CAF’s Financial Turnaround and Investments:

• Reduced losses: From USD 28.9 million in 2022-2023 to a projected USD 9.2 million in 2023-2024.
• Projected net profit: USD 11.7 million for the 2024-2025 fiscal year.
• Increased financial support for member associations: Doubled to USD 400,000 per association.
• Increased financial support for zonal unions: Increased by 50% to USD 750,000 per zone.
• Introduction of $50,000 allowance for clubs eliminated in the preliminary stages of the CAF Champions League and CAF Confederations Cup.
• Prize money and host association support: Increased to USD 56 million.

Investment in Football Development Programs: Total investment of USD 29.8 million.

CAF’s financial turnaround marks a turning point for African football, setting the stage for a period of unprecedented growth and investment.

The organisation’s commitment to developing the sport from the ground up, coupled with strategic financial management, promises a brighter future for football on the continent.

The focus on grassroots development, coupled with increased support for member associations and zonal unions, positions CAF to significantly impact the future of African football.

The organisation’s vision for a thriving and sustainable football ecosystem in Africa is now firmly supported by a strong financial foundation.