CAF Reports Stunning Financial Turnaround: Deficit Slashes by 68% to $9.2M

CAF Achieves Remarkable Financial Recovery, Eyes First-Ever Surplus

The Confederation of African Football (CAF) has announced a stunning financial turnaround, slashing its deficit by 68% from $28.9 million to $9.2 million in the 2022-2023 fiscal year.

This significant improvement was disclosed during the 46th CAF Ordinary Assembly, chaired by CAF President Dr. Patrice Motsepe, held in Addis Ababa, Ethiopia.

CAF’s financial progress marks a major improvement compared to the previous year when the organization reported a deficit of $45 million. This positive trend is largely attributed to strategic reforms initiated by the CAF management in 2021, aimed at strengthening the organization’s financial health.

For the first time in years, CAF anticipates a financial surplus, projecting a net profit of $11.7 million for the 2024-2025 fiscal year. This surplus is expected to further enhance CAF’s ability to invest in the development of African football at all levels.

The increased revenue from media rights and sponsorship deals related to CAF competitions has driven the organization’s financial recovery. This revenue growth has enabled CAF to increase financial support to its Member Associations, doubling annual subventions from $200,000 in 2021 to $400,000 in 2024-2025.

CAF has also committed 84% of its expenditure toward African football development, emphasizing prize money, competition organization, and football development programs. The financial stability achieved is expected to further propel the growth and development of the sport across the continent.

CAF President Dr. Patrice Motsepe attributed the financial progress to strategic reforms initiated in 2021. “This remarkable recovery demonstrates our commitment to strengthening CAF’s financial health and investing in African football’s growth,” Dr. Motsepe said.