Zifa to get $250 000 bonus


Zifa will receive a $250 000 ‘bonus’ from Fifa to boost their coffers after the world soccer governing body’s finances surpassed $1 billion in 2009 for the first time in their history.
But that bonus will only come next year.
This was revealed at the 60th congress that took place in Sandton, South Africa last week ahead of the start of the 2010 World Cup.
The world soccer governing body also reported that each confederation—there are six of them—will receive $2,5 million each.
There are six Confederations of Fifa: Africa (CAF), Europe (UEFA), Asia (AFC), South America (CONMEBOL), Americas (CONCACAF) and Oceania (OFC). Africa and Europe have the highest number of member affiliates with 53 members.
Fifa president Sepp Blatter, after revealing the financial statements then told the 208 delegates who included Zifa president Cuthbert Dube, that he will seek re-election next year.
Fifa made a profit of $196 million in 2009 and has equity of over $1 billion thanks mainly to massive and still growing income from the sale of TV rights.
Television ($650 million) and marketing ($277 million) rights sales brought in the vast majority of revenue of $1,022 million in 2009, Fifa’s financial report showed.
The governing body said revenue for the period 2007-10 was 12 times greater than for the period 1995-98, up from $257 million to $3,200 million.
At the same time, it said, spending on development programmes around the world was 50 times greater, from $14 million for 1995-98 to $691 million for 2007-10.
For 2009, Fifa invested $172 million in development.
But for Zifa, the windfall would not have come at a better time as they seek millions to recapitalise the national game, put proper administration structures in place and embark on a massive marketing drive to attract corporate sponsors.
Due to financial stress at Zifa, they took a wise decision to withdraw all junior national teams and the women’s sides from Confederation of African Football (CAF) competitions this year to focus on the Warriors.
The Warriors will take part in the 2012 Africa Cup of Nations qualifiers starting in September with an away date to the Cape Verde Islands.
They will also play perennial campaigners Mali and Liberia.