TDPel Media –
The South African Football Association (SAFA) has responded to recent speculations surrounding the distribution of AFCON bonuses for Bafana Bafana players, shedding light on the financial compensation scenario.
This clarification follows reports raising uncertainty about the bonus payouts for the Bafana Bafana squad’s commendable performance in the 2023 AFCON tournament held in Ivory Coast.
Financial Recap of Bafana Bafana’s AFCON Success:
South Africa secured approximately R46.9 million for their outstanding third-place finish at the recently concluded 2023 AFCON in Ivory Coast.
Despite the financial success, SAFA president Danny Jordaan had refrained from divulging specifics when initially questioned about bonus payments upon the national team’s return from Abidjan.
Confidentiality of Bonus Agreements:
(adsbygoogle = window.adsbygoogle || []).push({});
In a statement released on Friday, SAFA emphasized that the details of the bonus agreement are confidential. The association acknowledged concerns surrounding reports suggesting that Bafana Bafana might face challenges receiving their bonuses.
According to SAFA, a contract was signed with senior players before the AFCON departure, outlining agreed-upon payments and bonuses based on the team’s performance in the tournament.
Transparent Timeline and Allocation of Bonuses:
SAFA sought to clarify the timeline and allocation of AFCON bonuses for Bafana Bafana players.
All agreed-upon payments and bonuses are set to be disbursed promptly upon the receipt of prize money from the Confederation of African Football (CAF). SAFA assured that any remaining funds would be dedicated to furthering football development within the country.
Financial Support for Junior National Teams:
(adsbygoogle = window.adsbygoogle || []).push({});
Highlighting the financial intricacies, SAFA underscored the critical role senior national teams play in funding junior national teams.
The funds are instrumental in facilitating access to preparation camps and competitive fixtures for the junior teams. Importantly, SAFA clarified that these funds are not intended for the national executive committee members or any SAFA staff.
Transparent Financial Accountability:
As part of their commitment to transparency, SAFA emphasized that they are accountable to CAF for the funds awarded by the continental body.
The SAFA Chief Financial Officer (CFO) is entrusted with the responsibility of effecting payments to players’ bank accounts upon receiving funds from CAF.
Both the Chief Executive Officer (CEO) and CFO will provide detailed accounts to CAF regarding the utilization of the received funds.
(adsbygoogle = window.adsbygoogle || []).push({});
The post SAFA Clarifies Confidential AFCON Bonus Agreement for Bafana Bafana Players Amidst Speculations appeared first on TDPel Media.
Also on TDPel Media:
Also on TDPel Media:The President of the South African Football Association (SAFA) unveils the specifics of the AFCON bonus structure allocated for Bafana players SAFA Addresses Bonus Issues for Bafana Bafana Ahead of Afcon…
Also on TDPel Media:Mamelodi Sundowns Dominate Bafana Bafana AFCON Squad With 10 Players A notable presence of 10 players from Mamelodi Sundowns has…
Also on TDPel Media:NFL players with millions of bonus dollars at stake: Jadeveon Clowney needs just half a sack to pocket $750k, Joe Flacco has $250k on the line in the playoffs Red Sox’s Trade of Chris Sale to Atlanta Braves The…
Also on TDPel Media:South Africa’s Bafana Bafana Finalize 23-Man Squad for Upcoming Friendlies, Chiefs Players Left Out Earlier this month, Hugo Broos unveiled a preliminary squad comprising…
Also on TDPel Media:Exclusion of Kaizer Chiefs Players from Latest Bafana Bafana Squad Raises Eyebrows In the latest squad announcement by Hugo Broos for the…
Also on TDPel Media:Hugo Broos Explains Decision to Omit Kaizer Chiefs Players from Bafana Bafana Squad Bafana Bafana head coach, Hugo Broos, has recently addressed the…
Also on TDPel Media:Bafana Bafana players absent from play with Orlando Pirates. TheSouthAfrican.com: Connecting South Africans Worldwide Focused on South Africa TheSouthAfrican.com…
Also on TDPel Media:Bafana Bafana’s Triumph – Coach Broos Highlights Players Making a Difference Following a resounding 2-0 victory over Morocco, Bafana Bafana coach…
Also on TDPel Media:Controversy Erupts as Malema Slams Absence of White Players in Bafana Bafana A video featuring Julius Malema has sparked controversy as the…
Also on TDPel Media:Rulani Mokwena Eyed as Assistant Coach for Bafana Bafana at AFCON Amid Badge Concerns Mamelodi Sundowns’ Rulani Mokwena Could Assist Hugo Broos at AFCON…