FAZ in 200K CAF financial aid
The Football Association of Zambia (FAZ) will receive financial aid from the continent’s football governing body, CAF.
This comes after a meeting on Thursday (28 May 2020) via video-conference where the CAF Emergency Committee approved the immediate distribution of financial grants to Member Associations (MA) to support the management of football at the domestic levels hugely affected by the COVID-19 pandemic.
A total of USD 10.8 Million is expected to be transferred to the 54 MA’s (approximately USD200 000 each) on the continent as part of a relief plan to ease the financial burden on the African football community during these unprecedented times.
“Due to the fast-spread of COVID-19, African MA’s have suspended all domestic competitions, which has brought about huge financial burdens on their shoulders. CAF has thus decided to wave the eligibility requirements to access the annual grants, so all MA’s can benefit during this difficult period,” CAF President Ahmad Ahmad told Cafonline.com
CAF also revealed that it is assessing the possibility of additional financial support to MA’s for the resumption and organization of their domestic competitions.
Two weeks ago CAF announced fast-tracking of the distribution of USD 3.5 Million to the participants of the Interclub competitions for the 2019/20 season.
Zambian clubs Zesco United and Zanaco have received their financial entitlement for reaching the group stage of the CAF Champions League and the CAF Confederation Cup respectively, monies which clubs usually receive at the end of the season but the COVID-19 pandemic has brought adverse effects on the football family.
Despite failing to win a single match in the CAF Champions League group stage, Zesco United will walk away with USD 550,000 for reaching the group stage while Zanaco will receive USD 275,000 for reaching the CAF Confederation Cup quarter-finals.
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