The Confédération Africaine de Football (“CAF”) President Dr. Patrice Motsepe was today conferred with the highest Award in Cote d’Ivoire,...
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Maroc - GHANASOCCERNET.COM - A la Une - 20/Jul 00:33
CAF on track to eliminate debt
The Confederation of African Football (CAF) is poised to become debt-free within the next year, a significant turnaround since Patrice Motsepe took over the presidency in 2021.Under Motsepe's leadership, CAF has implemented improved governance and financial management, substantially reducing debt and increasing revenue."I think we will present a [deficit] figure to the Caf congress of less than $12m (£9.3m)," CAF Secretary-General Veron Mosengo-Omba told BBC Sport Africa."For the next fiscal year, [the debt] will be zero."The organization has seen a surge in sponsorships and television viewership for the Africa Cup of Nations (AFCON), contributing significantly to its financial health. However, challenges remain.Corruption allegations against some CAF executive committee members, including Malian president Mamatou Toure and Tunisian counterpart Wadie Jary, have cast a shadow over the organization.Despite facing criminal charges, both officials remain in their positions. Mosengo-Omba, has defended the organization's stance, citing the need to await the outcome of legal proceedings in their respective countries.Another issue involves a controversy surrounding the map of Morocco displayed on the jersey of RS Berkane. The inclusion of Western Sahara, a disputed territory, led to the postponement of a CAF Confederation Cup semi-final against Algeria's USM Alger....
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