CAF Records $9.48 Million Profit for 2023/2024 Financial Year

The Confederation of African Football (CAF) has recorded a net profit of $9.48 million for the 2023/2024 financial year, marking a remarkable turnaround after years of financial deficits.

According to the continental body, the positive balance was driven by increased commercial revenue, new sponsorship deals, and tighter financial management measures.

CAF’s financial report revealed that the organisation made significant investments aimed at strengthening football development across Africa — including $81 million in prize money for competitions, $19 million for tournament organisation, and $35 million for football development initiatives.

CAF President, Dr Patrice Motsepe, expressed optimism about the organisation’s financial trajectory, disclosing that negotiations are ongoing for a long-term marketing and television deal estimated at $1 billion.

Motsepe noted that CAF’s growing financial stability would enable the body to continue supporting member associations, improving infrastructure, and enhancing the quality of its competitions.

The latest figures, analysts say, reflect renewed confidence in CAF’s governance and commercial strategy, laying a solid foundation for sustained growth in African football.

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