African football announces winning at the congress

The Confederation of African Football (CAF) announced a profit in its last financial statements and said that it has reversed several years of shortages.

CAF reported a net profit of $ 9.48 million for the 2023-2024 financial year at the general meeting on Monday, referring to a strong increase in commercial income, the addition of new sponsors and the implementation of strict financial checks.

CAF reported a turnover of $ 166.42 million and said that the expenditure priorities would increase the prize money for its competitions to $ 81 million, tournament organization to $ 19 million, with $ 35 million for football development and $ 21 million for administration and administration.

The president of the organization, Patrice Motsepe, said delegates that they were almost negotiations on a long-term marketing and television deal worth $ 1 billion.

Published on October 6, 2025