CAF reported a net profit of $9.48 million for the 2023-2024 financial year at its general assembly on Monday, citing a strong increase in commercial revenues, the addition of new sponsors and implementation of strict financial controls.<\/p>\n
CAF reported revenues of $166.42 million and said its expenditure priorities would be increasing prize money for its competitions to $81 million, tournament organisation to $19 million, with $35 million for football development and $21 million for governance and administration.<\/p>\n
The organisation\u2019s President Patrice Motsepe told delegates that they were close to concluding negotiations on a long-term marketing and television deal worth $1 billion.<\/p>\n
–SABC–<\/p>\n","protected":false},"featured_media":12750,"template":"default||default","meta":{"_acf_changed":false},"news-type":[20],"class_list":["post-12749","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-sport","entry"],"acf":{"short_description":"The Confederation of African Football (CAF) announced a profit in its latest financial statements, saying it has reversed several years of deficits.||The Confederation of African Football (CAF) announced a profit in its latest financial statements, saying it has reversed several years of deficits.","published_date":null,"news_description":"The Confederation of African Football (CAF) announced a profit in its latest financial statements, saying it has reversed several years of deficits.||The Confederation of African Football (CAF) announced a profit in its latest financial statements, saying it has reversed several years of deficits.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12749\/revisions"}],"predecessor-version":[{"id":18201,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12749\/revisions\/18201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/12750"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=12749"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=12749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}