CAF made $80m Profit from AFCON

[greg]

This is what happens when you have a business minded leader running things

https://bsnsports.com.ng/post/How-Super ... CON-Profit

President of the Confederation of African Football (CAF) Patrice Motsepe has lifted the veil on the remarkable financial success of the 2023 Africa Cup of Nations.

The 2023 AFCON took center stage in Cote d’Ivoire earlier this year, with the continental spectacle dazzling fans worldwide with a torrent of goals.

Twenty-four countries battled for Africa’s number-one prize across 52 matches in six venues in five Ivorian cities, with hosts Cote d’Ivoire eventually becoming the champions.

A staggering 119 goals were scored – a new record at the tournament – punctuated by several top-notch refereeing, stunning upsets, remarkable comebacks, and gripping late-game drama, making the AFCON the most memorable in recent history.

However, CAF boss Motsepe has revealed that the success of the AFCON transcended the boundaries of the pitch. Announcing a remarkable array of commercial achievements, the former chairman of Mamelodi Sundowns unveiled that CAF worked with 17 sponsors, a tenfold increase from previous editions, and forged partnerships with 110 television networks during the 2023 AFCON.

According to CAF’s reports, the financial windfall from this edition soared to unprecedented heights.

With a striking 26% surge in commercial revenue compared to the 2021 AFCON in Cameroon, the coffers overflowed with a staggering $80 million in profits.

For perspective, this monumental figure represents a seismic leap from the $4 million earned in previous editions. Motsepe hailed this unprecedented success, emphasising the transformative impact on African football’s financial landscape.

“The AFCON in Cote d’Ivoire has been the most profitable ever. We’ve made over $80 million. That’s the profit. If we look at previous editions, we made around $4 million. So we’ve jumped to $80 million, and a huge chunk of that money is going to the 54 countries for football development,” Motsepe declared in an interview with France 24.

The Super Eagles put together several disciplined displays to reach the final of the 2024 AFCON despite the absence of several key players. Nigeria finished top of Group A after beating hosts Cote d’Ivoire and Guinea-Bissau while picking up a draw against Equatorial Guinea.In the knockout rounds, the three-time African champions defeated eternal rivals Cameroon, Angola, and South Africa to reach the title decider for the first time in more than ten years.

However, the Super Eagles settled for the silver medal after losing 2-1 to the Ivorians in the tournament match.

Nigeria also produced the tournament’s Most Valuable Player in captain William Troost-Ekong, who scored three goals to finish among the top goal scorers.

Troost-Ekong, Ola Aina, and Ademola Lookman equally featured in the official Team of the Tournament.

Credit: Soccernet.ng

[EMIR KONGI JAFFI JOFFA]

We came 2nd, won millions $ but can't afford a decent coach. It's what happens when you have bozos running a Federation. We still owe player bonuses from 2021.

[Enugu II]

This is what happens when you have a business minded leader running things

https://bsnsports.com.ng/post/How-Super ... CON-Profit

President of the Confederation of African Football (CAF) Patrice Motsepe has lifted the veil on the remarkable financial success of the 2023 Africa Cup of Nations.

The 2023 AFCON took center stage in Cote d’Ivoire earlier this year, with the continental spectacle dazzling fans worldwide with a torrent of goals.

Twenty-four countries battled for Africa’s number-one prize across 52 matches in six venues in five Ivorian cities, with hosts Cote d’Ivoire eventually becoming the champions.

A staggering 119 goals were scored – a new record at the tournament – punctuated by several top-notch refereeing, stunning upsets, remarkable comebacks, and gripping late-game drama, making the AFCON the most memorable in recent history.

However, CAF boss Motsepe has revealed that the success of the AFCON transcended the boundaries of the pitch. Announcing a remarkable array of commercial achievements, the former chairman of Mamelodi Sundowns unveiled that CAF worked with 17 sponsors, a tenfold increase from previous editions, and forged partnerships with 110 television networks during the 2023 AFCON.

According to CAF’s reports, the financial windfall from this edition soared to unprecedented heights.

With a striking 26% surge in commercial revenue compared to the 2021 AFCON in Cameroon, the coffers overflowed with a staggering $80 million in profits.

For perspective, this monumental figure represents a seismic leap from the $4 million earned in previous editions. Motsepe hailed this unprecedented success, emphasising the transformative impact on African football’s financial landscape.

“The AFCON in Cote d’Ivoire has been the most profitable ever. We’ve made over $80 million. That’s the profit. If we look at previous editions, we made around $4 million. So we’ve jumped to $80 million, and a huge chunk of that money is going to the 54 countries for football development,” Motsepe declared in an interview with France 24.

The Super Eagles put together several disciplined displays to reach the final of the 2024 AFCON despite the absence of several key players. Nigeria finished top of Group A after beating hosts Cote d’Ivoire and Guinea-Bissau while picking up a draw against Equatorial Guinea.In the knockout rounds, the three-time African champions defeated eternal rivals Cameroon, Angola, and South Africa to reach the title decider for the first time in more than ten years.

However, the Super Eagles settled for the silver medal after losing 2-1 to the Ivorians in the tournament match.

Nigeria also produced the tournament’s Most Valuable Player in captain William Troost-Ekong, who scored three goals to finish among the top goal scorers.

Troost-Ekong, Ola Aina, and Ademola Lookman equally featured in the official Team of the Tournament.

Credit: Soccernet.ng

SIGNED.

[icee]

our total winnings as runner ups was $4MUSD. Wouldn't it be nice if we had some transparency as to how this money was spent? kind of a like a breakdown visible to the public? but no. They don't have money

[Bigpokey24]

For me the best AFCON ever, i hope Morocco gives us another spectacle next year

[Bigpokey24]

our total winnings as runner ups was $4MUSD. Wouldn't it be nice if we had some transparency as to how this money was spent? kind of a like a breakdown visible to the public? but no. They don't have money

who are you that the NFF should give you transparency on how the money was allocated. Did you contribute a dime for the SE when they went to the AFCON. my goodness some of you are thinking you really matter ..smh my goodness you live a in lala land

[Enugu II]

our total winnings as runner ups was $4MUSD. Wouldn't it be nice if we had some transparency as to how this money was spent? kind of a like a breakdown visible to the public? but no. They don't have money

who are you that the NFF should give you transparency on how the money was allocated. Did you contribute a dime for the SE when they went to the AFCON. my goodness some of you are thinking you really matter ..smh my goodness you live a in lala land

Bigpoke,

Technically he did especially if he was paying taxes in Nigeria. The NFF is a state unit and relies often on money that comes from/owned by Nigerians. Thus, Nigerians have rights in requesting for the accounting of how such monies are used.

[Bigpokey24]

our total winnings as runner ups was $4MUSD. Wouldn't it be nice if we had some transparency as to how this money was spent? kind of a like a breakdown visible to the public? but no. They don't have money

who are you that the NFF should give you transparency on how the money was allocated. Did you contribute a dime for the SE when they went to the AFCON. my goodness some of you are thinking you really matter ..smh my goodness you live a in lala land

Bigpoke,

Technically he did especially if he was paying taxes in Nigeria. The NFF is a state unit and relies often on money that comes from/owned by Nigerians. Thus, Nigerians have rights in requesting for the accounting of how such monies are used.

No they are not. NFF or all fifa member associations are separate entities
The FAs are supposed to run and generate their own income.

FIFA supports them financially and logistically through various programmes. As representatives of FIFA in their countries, they have obligations to respect the statutes, aims and ideals of football's governing body and promote and manage our sport accordingly.

the fact that most countries, especially in Africa are dependent on their governments for funding, stadiums (and sometimes sponsorship), makes the government believe they have a stake in what happens in their Football Associations. Also, as is the case in Nigeria, some Football Associations are created by Statutes, of Acts of Parliament, and are usually subject to those laws. It then begs the following questions: Are FAs truly independent from their government? Is there a clash between FIFA and National Governments? Whose law or Regulations supersedes the other? These are questions that often arise when the issue of government interference arises.

What is Government Interference?

It is important to note that there is no precise definition as to what government interference is. Political interference is depicted by FIFA as primarily resulting from dissatisfaction with sporting performances or administration. Political interference basically includes legislative acts adopted by parliaments, as well as judicial actions against FAs (Football Associations) or her officials. This therefore means that government interference includes Court actions against the Football Association, as well as suspending the Football Association through legislative or executive means.

This is why CAF countries are suspended, yall think you can dictate how the FAs should be ran. IF you want a ban then go ahead ask for expenses and then interfere

oh by the way , many on CE are delusional, they do not pay no taxes and they rant and rant as if they have the best solutions to move Nigerian football forwards. if the knew all that about football admin, coaching etc , they won't be stuck on CE with the likes of Bigpokey , packerballs, ohenen , damunk , kongi , prepaid, futcha etc .. their knowledge would have won 20 world cups for Nigeria etc

[deanotito]

This is awesome. Future is bright

[jette1]

Only 80 million though ? yea that's commendable but common bros I'm thinking i could be more

[Enugu II]

our total winnings as runner ups was $4MUSD. Wouldn't it be nice if we had some transparency as to how this money was spent? kind of a like a breakdown visible to the public? but no. They don't have money

who are you that the NFF should give you transparency on how the money was allocated. Did you contribute a dime for the SE when they went to the AFCON. my goodness some of you are thinking you really matter ..smh my goodness you live a in lala land

Bigpoke,

Technically he did especially if he was paying taxes in Nigeria. The NFF is a state unit and relies often on money that comes from/owned by Nigerians. Thus, Nigerians have rights in requesting for the accounting of how such monies are used.

No they are not. NFF or all fifa member associations are separate entities
The FAs are supposed to run and generate their own income.

FIFA supports them financially and logistically through various programmes. As representatives of FIFA in their countries, they have obligations to respect the statutes, aims and ideals of football's governing body and promote and manage our sport accordingly.

the fact that most countries, especially in Africa are dependent on their governments for funding, stadiums (and sometimes sponsorship), makes the government believe they have a stake in what happens in their Football Associations. Also, as is the case in Nigeria, some Football Associations are created by Statutes, of Acts of Parliament, and are usually subject to those laws. It then begs the following questions: Are FAs truly independent from their government? Is there a clash between FIFA and National Governments? Whose law or Regulations supersedes the other? These are questions that often arise when the issue of government interference arises.

What is Government Interference?

It is important to note that there is no precise definition as to what government interference is. Political interference is depicted by FIFA as primarily resulting from dissatisfaction with sporting performances or administration. Political interference basically includes legislative acts adopted by parliaments, as well as judicial actions against FAs (Football Associations) or her officials. This therefore means that government interference includes Court actions against the Football Association, as well as suspending the Football Association through legislative or executive means.

This is why CAF countries are suspended, yall think you can dictate how the FAs should be ran. IF you want a ban then go ahead ask for expenses and then interfere

oh by the way , many on CE are delusional, they do not pay no taxes and they rant and rant as if they have the best solutions to move Nigerian football forwards. if the knew all that about football admin, coaching etc , they won't be stuck on CE with the likes of Bigpokey , packerballs, ohenen , damunk , kongi , prepaid, futcha etc .. their knowledge would have won 20 world cups for Nigeria etc

Bigpoke

Theoretically, they are separate from the state but given by what you cited above it should be obvious that in practice several of these FAs remain tettered to the state. Under Pinnick, the FA worked hard to increase its funding percentage that comes from on-governmental sources. That effort is what is needed to fully escape the clutches of the state.

[greg]

Only 80 million though ? yea that's commendable but common bros I'm thinking i could be more

Up from only $4m in the previous edition? Jeez man. All numbers only make sense when you compare it to something.