The Confederation of African Football has announced a remarkable turnaround in its financial fortunes, reporting a return to profitability after several years of operating at a loss.
Under the leadership of President Dr Patrice Motsepe, CAF has not only stabilised its accounts but also significantly increased investment in competitions, prize money, and development programs across the continent.
The announcement was made during the 47th CAF Ordinary General Assembly in Kinshasa, Democratic Republic of the Congo, where officials confirmed a net profit of $ 9.48 million for the 2023–2024 financial year.
This marks the first time in years that the organization has posted a surplus, a result attributed to stronger commercial revenues, new sponsorship deals, and tighter financial controls.
CAF’s revenue has now climbed to 166.42 million US dollars, with spending priorities directed toward football growth. Prize money allocations reached 81 million, tournament organization costs stood at 19 million, development programs received 35 million, while governance and administration accounted for 21 million.
The organization has also expanded its sponsorship portfolio, with 16 global partners now backing African football. This has allowed CAF to boost prize money across its competitions.
The CAF Champions League winners’ prize rose to 4 million US dollars, the CAF Women’s Champions League saw a 52 per cent increase, and the Africa Cup of Nations winners’ reward climbed to 7 million US dollars.
Dr Motsepe’s turnaround strategy, launched in 2021, has transformed CAF into a financially sustainable body while ensuring that growth directly benefits players, clubs, and member associations.
With stronger foundations in place, CAF is positioning African football as a global force, both on and off the pitch. Football has announced a remarkable turnaround in its financial fortunes, reporting a return to profitability after several years of operating at a loss.
