Nqobile Ndlovu_CashNSPort Director
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The South African Football Association (SAFA) has confirmed that in its
audited financial report for 2022 it has incurred a loss of R2.2 million.
The loss was confirmed by then SAFA CEO Tebogo Motlanthe after the
Ordinary Congress.
The congress did not take place in 2022 and so the books of SAFA were not
declared in public, according to Motlanthe.
With Castle having cut ties with the association after two decades, a deal that
brought in a reported R10-million in their 2022 financial report.
SAFA was paid R25m a year in its four-year broadcast deal for national teams
and junior competitions with the SABC from October 2019. The deal ends in
September. The association is unhappy that, under pressure to ensure free-to-air coverage, Safa accepted that the cash-strapped public broadcaster
negotiated down from the R110m a year in its previous deal.
audited financial report for 2022 it has incurred a loss of R2.2 million.
The loss was confirmed by then SAFA CEO Tebogo Motlanthe after the
Ordinary Congress.
The congress did not take place in 2022 and so the books of SAFA were not
declared in public, according to Motlanthe.
With Castle having cut ties with the association after two decades, a deal that
brought in a reported R10-million in their 2022 financial report.
SAFA was paid R25m a year in its four-year broadcast deal for national teams
and junior competitions with the SABC from October 2019. The deal ends in
September. The association is unhappy that, under pressure to ensure free-to-air coverage, Safa accepted that the cash-strapped public broadcaster
negotiated down from the R110m a year in its previous deal.