Africa

CAF Adopts relief plan to ease financial burden on Member Associations

The Confederation of African Football, CAF, will distribute financial grants to Member Associations (MA) to support the management of football at the domestic levels hugely affected by the COVID-19 pandemic.

The decision was taken on Thursday May 28 following an emergency CAF Committee video conference Meeting.

According to the information that filtered out of the meeting, CAF will immediately transfer a total of USD 10.8 Million, approximately FCFA 6.3 billion to member associations.

The money is part of a relief plan to ease the financial burden on the African football community during these unprecedented times.

CAF is assessing the opportunity of additional financial support to MA’s for the resumption and organisation of their domestic competitions.
Speaking after the meeting, the President of CAF, Ahmad Amad said, CAF has thus decided to wave the eligibility requirements to access the annual grants.
“Due to the fast-spread of COVID-19, African MA’s have suspended all domestic competitions, which has brought about huge financial burdens on their shoulders. CAF has thus decided to wave the eligibility requirements to access the annual grants, so all MA’s can benefit during this difficult period,” Ahmad Ahmad said.
It is worth noting that CAF had announced the distribution of some USD 3.5 Million to the participants of the Interclub competitions for the 2019/20 season.

The two club competitions, Total CAF Champions League and Total CAF Confederation Cup, were suspended after the quarterfinal matches due to COVID-19.

In the meantime, CAF says, the African football body is monitoring the situation closely and working with the relevant authorities including the Wealth Health Organization (WHO), FIFA amongst others on the impact of the virus on the continent.

Loading...

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Social Media Auto Publish Powered By : XYZScripts.com

Adblock Detected

Please consider supporting us by disabling your ad blocker