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CAF to Pay Moses Magogo Annual Salary of UGX 185 Million

Isaac Okwi by Isaac Okwi
October 23, 2024
in Football
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CAF to Pay Moses Magogo Annual Salary of UGX 185 Million

The Confederation of African Football (CAF) has approved a proposal to pay each member association president an annual salary of $50,000 (approximately UGX 185 million).

The decision was announced during CAF’s 2024 congress, held in Addis Ababa, Ethiopia.

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This move will see the Federation of Uganda Football Associations (FUFA) President, Moses Magogo, among those benefiting from the new policy, which forms part of the broader financial package CAF provides to its 54 member associations.

CAF currently allocates $400,000 annually to each member association, and the newly introduced $50,000 salary for presidents will be drawn from this fund.

The decision comes as CAF seeks to ensure greater financial support and stability across African football governance. CAF President Patrice Motsepe confirmed the development, noting the federation’s commitment to fostering football growth across the continent.

In addition to the announcement on salaries, the congress also highlighted CAF’s financial settlement with former marketing partner, Lagardere Sports.

The organization revealed it paid $50 million (approximately UGX 185 billion) to resolve a legal dispute after terminating a long-term agreement with the French company.

The contract, valued at $1 billion, had granted Lagardere Sports exclusive marketing, sponsorship, and television rights for CAF competitions but was abruptly canceled in 2019 following court rulings that deemed the deal improperly tendered.

The settlement was paid in two equal installments, the last of which was completed in 2023, according to CAF’s finance committee vice chairman Andrew Kamanga.

CAF also reported a significant increase in profits from the 2023 Africa Cup of Nations (AFCON) tournament held in Ivory Coast, making $72 million compared to just $4 million from the 2021 edition in Cameroon.

For the upcoming financial year, CAF projects revenue of $150 million against expenditures of $138.2 million, with 30% of the budget allocated to development programs for member associations.

Motsepe expressed optimism about African football’s financial future, targeting a revenue increase to $1 billion over the next eight years. “We are engaged in discussions with several potential sponsors,” he said during the congress.

The CAF president also addressed concerns regarding the treatment of visiting teams, following an incident where Nigeria’s national team was detained at a Libyan airport ahead of an AFCON qualifier.

Motsepe assured the congress that CAF would enforce strict measures to ensure teams are treated with respect during international fixtures.

Tags: CAF Congress
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