Since Fifa took control over Caf in 2019, the confederation’s economy has collapsed. Now they are on the verge of bankruptcy.
Tag:
Ahmad
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The twisted tale about how Caf lost a billion dollar deal – and why the cash-strapped organization wanted out of the deal, with Fifa’s blessing.
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Why did CAF pay 6.7 million USD to French media group Lagardère to ‘buy’ a debt it knew it would probably never recover? And why did Ahmad Ahmad sanction this purchase?
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The temperature is rising ahead of the Caf presidential election. Five candidates have emerged, and a billionaire businessman is the front runner. A former Caf exco member, Musa Bility, is accusing Gianni Infantino of undermining Caf’s independence for his own benefit.
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The confidential audit by PwC paints CAF as a shambles of epic proportions, a quasi-complete failure to subscribe to the most elementary rules of accountancy. It reads more like an indictment. Or a suicide note.
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Why did Ahmad Ahmad choose to drop the leading football manufacturers for the benefit of a supplier with no experience in a deal which was far more expensive and worth almost 4 million dollars?