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Liberia FA to benefit from CAF USD 10.8 Million Financial Aid

The Impact of the COVID 19 continue to rave a serious blow to the football sector everywhere ,to this effect ,after an emergency meeting
by CAF,the CAF Emergency Committee has 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.

As Member Associations (MA), the Liberia FA will benefit from a total of USD 10.8 Million will be transferred to the 54 MA’s on the continent as part of a relief plan to ease the financial burden on the African football
community during these unprecedented times.

The 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.

“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,” said CAF President Ahmad Ahmad.

Also, CAF is assessing the opportunity of additional financial support to MA’s for the resumption and organisation of their
domestic competitions.

Two weeks ago, CAF announced the distribution of USD 3.5 Million to the participants of the Interclub competitions for the 2019/20
season. The two club competitions, Total CAF Champions League and Total CAF Confederation Cup, were suspended after the quarter-final
matches due to COVID-19.

The decision means each member association will be handed $200,000.

A statement from CAF said, “it should be noted that last month FIFA equally waived the requirements and approved the payment of the second installment of the annual FIFA forwards funds for football development to the tune of $500 000 per member.

According to the statement, CAF had resolved to inform its stakeholders about the future of competitions after due consultation with the World Health Organization and FIFA.

But Liberia Sports Online , checks can confirmed that at press time , the Liberia has not made any statement on this gesture from CAF, we will continue to monitor and keep our readers informed .

Meanwhile, CAF is monitoring the situation closely and working with the relevant authorities including the Wealth Health Organization
(WHO), FIFA amongst others on the impact of the virus on the continent, and will announce developments to our competitions at the
appropriate time.

source : CAF

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