Advertisement
Sports

Fam to receive K8 billion from Fifa

Needy associations can get K1.2 billion for national teams

Advertisement
Walter Nyamilandu

Fifa member associations, including Football Association of Malawi (Fam), are expected to get $8 million (about K8 billion) through the Fifa Forward programme over four years.

The programme is set for launch this month.

It is aimed at providing comprehensive funding and support for football development projects.

Advertisement

This follows two successful iterations of the programme since its inception in 2016.

Fifa has arranged for each member association to get $5 million (about K5 billion) to cover operational costs in relation to football activities.

In addition, $3 million (about K3 billion) has been earmarked for each member association to execute well- planned football projects that contribute to the achievement of long-term football development objectives.

Advertisement

Fifa President Gianni Infantino said the world football governing body has embarked on a new era of global football development.

’’It is vital that we are now strengthening our commitment to building a stronger foundation for the growth of football. The new cycle will provide increased investment, greater impact through the achievement of football development objectives and continued oversight to ensure that all funds are used responsibly,” Infantino said.

Member associations identified as needing the most assistance can get up to $1.2 million (K1.2 billion) each to cover travel and accommodation expenses for their national teams as well as football equipment.

Fam President Walter Nyamilandu confirmed the development yesterday.

“We were advised by Fifa on the increase in funding by 25 percent,’’ Nyamilandu said.

The hike has taken the operational cost funding from $1 million to $1.25 million (K1.25 billion) while project funds are now at $3 million (K3 billion) from $2 million for the next four years.

Fifa will also give $60 million (K60 billion) to each confederation (in Africa’s case, Caf) to develop, promote and organise football within the regions of its member associations.

Regional associations will get up to $5 million (K5 billion) each for men, women and youth football.

Sports analyst George Kaudza Masina, who once served as Fam general secretary, said the increment will empower Fam financially and capacity wise.

“Football is big business; no wonder the windfall. To ensure that the funding is meaningful and bears fruit, Fam has to consider giving a good percentage to Sulom which, in turn, should give Super League clubs grants to level the playfield among all teams.

“The reality on the ground is that some teams fail to perform because they do not have money,’’ Kaudza Masina said.

Fifa provides grants to member associations every year.

Facebook Notice for EU! You need to login to view and post FB Comments!
Advertisement
Tags
Show More
Advertisement

Related Articles

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker