The Confederation of African Football (CAF) has announced a profit of $72 million from the 2023 Africa Cup of Nations (AFCON) finals held in Côte d’Ivoire.
CAF President Patrice Motsepe made the announcement during the organization’s 46th Ordinary General Assembly on October 22 in Addis Ababa, Ethiopia.
Motsepe outlined ambitious financial projections for the 2024-2025 fiscal year, expecting revenues of nearly $150 million against expenditures of $138.2 million.
He noted that approximately 30% of the budget would be allocated to development programs and support for CAF’s 54 member associations, aimed at promoting football at both grassroots and professional levels.
In a significant policy change, CAF approved a proposal to provide each member association president with an annual salary of $50,000, funded from a $400,000 annual contribution for federations. Motsepe, who plans to seek re-election next year, emphasized a long-term goal of increasing revenue to $1 billion within the next eight years.
“We are having a lot of discussions with potential sponsors,” he stated, highlighting efforts to secure financial partnerships that will enhance the global standing of African football.
From 2026, CAF intends to provide each member association with $1 million annually to support football development. Additionally, the organization is tightening its policies regarding the treatment of visiting national teams following an incident where Nigeria’s national team was detained for several hours at a Libyan airport before an AFCON qualifier.
“National teams must be treated with respect. If there are violations, we’ll take action,” Motsepe affirmed, underscoring CAF’s commitment to ensuring dignified treatment for all teams.
