Wednesday, April 24, 2024

CAF lap of luxury awaits Letshwiti

The Botswana Football Association (BFA) president Maclean Letshwiti is expected to rake in millions as an executive member of the Confederation of Africa Football (CAF).

While some pundits believe the position held by the BFA president will bear fruit for local football, it is also a cash cow for those holding the positions.

Letshwiti is expected to get just over P1 million annually from the African football mother body.

The amount includes an annual stipend and associated allowances for other CAF functions and events. It has been reported that the funds do not include travel and hotel costs expected to be covered by the confederation.

During the former CAF president Ahmad Ahmad term, it was reported that £2.37 million was paid to 17 executive committee members of CAF in just about 20 months.

It was reported that the members each got an annual stipend of $60,000 while senior vice president appeared to have received $70,000 excluding allowances from other CAF endeavors.

With the financial income of the executive committee raising eyebrows in 2018, some of the modest and high earners were the likes of South African Danny Jordan, Congo’s Constant Omari and Djibouti’s Suleiman Waberi.

Being the highest earner for the period, Omari had pocketed $201,520 while second highest Waberi got $183,616. Morocco FA president walked home with $169,825 while Jordan managed to load $147,100.

However, scale of payments of CAF executive members remains sketchy as they are not easily available in the public domain. With CAF raking in millions through commercial partners in the likes of Total, Continental Tyres and Yamaha, there are some companies that pump huge amounts in the African Football governing mother body.

In a contract with 1XBET, CAF rakes in $65.3 million in a deal running since 2019 until 2028. Another eight-year deal with telecoms company, Orange is worth $54.86 million.

Financial service company, Visa also had a two-year contract running from 2019 until 2021 worth $9.3 million. However, petroleum giants Total remain the main sponsor with a whooping $116 million over an eight-year period. The deal is set to witness an average annual payment of $14.5 million per year. 

Efforts to reach BFA office went futile at press time as Letshwiti’s phone was off. The BFA acting chief executive officer (CEO) Thabiso Kebotsamang lamented lack of time due to work predicaments.


Read this week's paper