CAF makes $72 million profit from 2023 AFCON in Côte d’Ivoire – Dr. Patrice Motsepe
By Nana Kwame Bediako
The Confederation of African Football (CAF) has introduced a outstanding monetary achievement, reporting a US$72 million revenue from the 2023 Africa Cup of Nations (AFCON) finals held in Côte d’Ivoire.
This spectacular determine was revealed by CAF president Dr. Patrice Motsepe through the organisation’s forty sixth Ordinary General Assembly, which passed off on October twenty second in Addis Ababa, Ethiopia. The revenue marks a major milestone for CAF, highlighting the rising recognition and industrial success of African soccer on the worldwide stage.
During his handle on the Ethiopian Skylight Hotel, Motsepe shared CAF’s formidable monetary projections for the 2024-2025 fiscal yr. The soccer governing physique anticipates producing practically US$150 million in revenues, with deliberate expenditures set at US$138.2 million. This monetary technique underscores CAF’s dedication to sustaining its upward trajectory whereas making certain sustainable progress and improvement throughout the continent.
A key facet of CAF’s monetary plan entails directing roughly 30% of its price range in the direction of improvement applications and contributions to its 54 member associations. This funding is aimed toward nurturing the expansion of African soccer at each grassroots {and professional} ranges, making certain that the game continues to thrive and produce world-class expertise. By prioritizing improvement, CAF seeks to create a sturdy basis for the longer term success of African soccer.
Looking forward, Motsepe outlined CAF’s long-term purpose to extend its income to an formidable US$1 billion inside the subsequent eight years. This imaginative and prescient displays CAF’s dedication to raise African soccer to new heights, leveraging its monetary success to reinforce infrastructure, coaching, and aggressive alternatives for gamers and groups throughout the continent. The pursuit of this purpose would require strategic partnerships and progressive approaches to increase CAF’s attain and affect.
As CAF prepares for the longer term, Motsepe, who is predicted to hunt re-election subsequent yr, stays targeted on driving the organisation’s mission ahead. The latest monetary success and bold plans sign a promising period for African soccer, with CAF poised to play a pivotal position in shaping the game’s world panorama.
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