The 2023–2024 fiscal year had a $9.48 million profit for CAF.
Following years of financial deficits, the Confederation of African Football (CAF) has announced a net profit of $9.48 million for the 2023–2024 fiscal year, marking a significant turnaround.
Stricter financial management procedures, new sponsorship deals, and higher commercial revenue are the causes of the improvement.
In order to strengthen African football, CAF made significant investments, according to its financial report. These included $35 million for football development projects throughout the continent, $19 million for tournament organization, and $81 million in prize money for competitions.
Dr. Patrice Motsepe, the president of CAF, voiced optimism about the organization’s financial future and disclosed that talks are advanced on a $1 billion long-term marketing and television arrangement.
He pointed out that CAF’s increasing financial stability will support continued initiatives to improve competition quality, support member associations, and build football infrastructure.
The most recent statistics demonstrate a restored sense of trust in CAF’s leadership and business strategy, laying a solid basis for the sport’s future expansion in Africa.
