Home FOOTBALL AFRICA: Covid-19: CAF grants nearly 6 billion to its member associations

AFRICA: Covid-19: CAF grants nearly 6 billion to its member associations

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International bodies at the bedside of their member associations. Following FIFA, the African Football Confederation announced on Thursday that it will provide $10.8 million (more than FCFA 5 billion) to its member associations (AMS). By GFM

This is the main resolution of the meeting of the Emergency Committee of the organization, held yesterday by videoconference.It is about “supporting local management of football hit hard by the COVID-19 pandemic,” explains the CAF.

Due to the rapid spread of COVID-19, the African Ams have suspended all national competitions, which has increased the burden of financial burdens on their shoulders. The CAF has therefore decided to modify the eligibility conditions to access the annual grants, so that all Ams can benefit from them during this difficult period, said CAF President Ahmad Ahmad.

The FSF will receive 118 million CFA francs

In addition, the continental body is exploring “the possibility of additional financial support for member associations to take over and organize their national competitions.” The Senegalese football federation will thus receive 118 million CFA francs. Good news after a first financial aid from FIFA.

Two weeks ago, the CAF announced the distribution of $3.5 million (1,776,568,100 CFA francs) to Interclubs competitors for the 2019/2020 season.

The CAF would like to reiterate that it is closely monitoring the situation and is working with the relevant authorities, including the World Health Organization (WHO) and FIFA, to assess the impact of the virus on the continent. In addition, competition measures will be announced in a timely manner,” the panel said.

As a reminder, all continental competitions scheduled to be held this year have been suspended. Among them are the two interclub competitions, the CAF Total Champions League and the CAF Total Confederation Cup.

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Source: GFM