The President of the Confédération Africaine de Football (CAF), Dr Patrice Motsepe has announced a 33% increase in the annual subventions of the 54 CAF Member Associations and a further 20% increase for the CAF Zonal Unions.
As part of the new structure, each of the CAF Member Association will now receive up to $700 000 annually from CAF.
CAF Zonal Unions will also now receive $900 000 – an increase from the $750 000 representing a 20% increase.
The announcement represents another significant increase in CAF’s financial support for its Member Associations under the leadership of CAF President Dr Motsepe and the CAF Executive Committee, as part of his commitment to making football in each of Africa’s 54 Member Associations world-class and self-sustaining.
In 2021, CAF Member Associations received annual subventions of USD 200,000. This was subsequently doubled to USD 400,000 before increasing to $525,000 and now $700,000.
The latest allocation represents a 250% increase compared with 2021, underlining CAF’s continued commitment to investing in football development and strengthening the capacity of its Member Associations.
The additional financial support is intended to assist CAF Member Associations in strengthening football development structures, investing in youth and women’s football, improving administration and governance, and building sustainable programmes that create opportunities for players, coaches, referees and other football stakeholders.
Summary:
- The Subvention Per CAF Member Association will increase from the current cumulative amount of up to $525,000 to a cumulative amount of up to $700,000
- The Subvention for each Zonal Union will increase from $750,000 to $900,000
- The Subvention to African Clubs Association (“ACA”) will increase from $400,000 to $500,000
SOURCE: CAF ONLINE
