Fam sweats for Caf funds
Football Association of Malawi (Fam) president Walter Nyamilandu has revealed that the association is yet to receive its allocation from Confederation of African Football (Caf ).
Caf has released a statement that each of the 24 teams that have qualified for the Africa Cup of Nations finals slated to kick-off today in Cameroon received $534,000 (about K436,545,000).
“Note that each of the 24 selections entered received at least $534,000 for its participation,” a statement from Caf reads.
However, Nyamilandu said they were still waiting for their cut to complement their budget.
“We are still waiting for the funds. Definitely, we need the funds to cushion our Afcon expenses as you know we have a huge shortfall on our budget,” he said.
Nyamilandu said part of the funds will be used to reward Flames players for qualifying for the continental showpiece.
“A portion for the funds will also go to players. They are expecting the qualification bonus to be shared with them,” he said.
Nyamilandu said Fam was unaware how much Caf will give the association.
“We are not sure yet how much because Caf has not advised us despite sending several reminders,” he said.
The development comes after Ministry of Youth and Sports gave hope to Fam that there was a possibility of getting an extra K154 million from Treasury towards Flames’ Afcon budget.
The association had a K154 million shortfall on their K525 million Afcon budget.
K127 million was raised by Fam Taskforce of which K54 million was raised during the Flames fundraising dinner at Kamuzu Palace.
K73.4 million was raised during the fundraising golf tournament held at Lilongwe Golf Club.
