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NewsDay

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Fifa finance team in Zimbabwe

Sport
A Fifa financial consultant team is in Zimbabwe to conduct investigations which will pave way for the world football governing body to release a $2m grant to Zifa. The team which arrived in the country on Sunday has already begun its examination which will see them checking Zifa’s books and read through the association’s debt. […]

A Fifa financial consultant team is in Zimbabwe to conduct investigations which will pave way for the world football governing body to release a $2m grant to Zifa.

The team which arrived in the country on Sunday has already begun its examination which will see them checking Zifa’s books and read through the association’s debt.

Zifa communications manager Nicky Dhlamini confirmed the team was in the country, but said details of its visit would only be made available towards the end of the week.

The team is expected to leave the country tomorrow, but held meetings with the Zifa president Cuthbert Dube, board member (finance) Elliot Kasu and chief executive Jonathan Mashingaidze yesterday.

The current board claims to have inherited a debt in excess of $1m and asked Fifa for a recapitalisation grant which would be used to offset the debt and help the institution to sustain itself.