Sports / Soccer
Zifa to get US$300 000 from Fifa
11 Feb 2011 at 10:07hrs | Views
ZIFA will receive US$300 000 from Fifa, which posted good financial results owing to the successful hosting of the World Cup in South Africa last year.
According to the world football body, each of the 207 Fifa member associations are in line to receive the further one-off bonus payment from the world football's governing body as part of Fifa's Financial Assistance Programme (FAP).
For the six confederations, this bonus will amount to US$2,5 million each.
"This decision, taken by the Fifa Executive Committee, has been made possible thanks to the outstanding success of the 2010 Fifa World Cup in South Africa, which led to a very good financial result for Fifa for the entire 2007-2010 period," Fifa said in a statement.
The funds are to be invested first and foremost in the development of football and to enable member associations to take part in Fifa competitions.
They are to be used in accordance with the FAP Regulations.
Member associations can also use this bonus as additional funding for existing or future Goal projects.
Last year, as announced at the Fifa Congress, each member association also received a one-off FAP bonus payment of US$250 000 while each confederation received US$2,5 million, thanks to the financial success of the year 2010.
The FAP is designed to motivate and empower the associations and confederations to organise development programmes that meet their needs and strengthen football and its administration in the long term.
It has served member associations in a variety of ways, according to their needs.
FAP funds, including bonus payments, are audited annually.
However, the disbursement of the funds will go a long way in boosting Zifa's empty coffers.
Cash-strapped Zifa last year wrote to the football body asking for a bailout to bankroll several projects.
Meanwhile, the Zimbabwe Warriors have moved five places up the Fifa/Coca Cola World rankings released on Wednesday.
The Warriors moved from position 118 to 113. The senior national team finished last year ranked 119.
They also improved on their continental rankings.
The team also moved five places on the continental rankings to position 28.
According to the world football body, each of the 207 Fifa member associations are in line to receive the further one-off bonus payment from the world football's governing body as part of Fifa's Financial Assistance Programme (FAP).
For the six confederations, this bonus will amount to US$2,5 million each.
"This decision, taken by the Fifa Executive Committee, has been made possible thanks to the outstanding success of the 2010 Fifa World Cup in South Africa, which led to a very good financial result for Fifa for the entire 2007-2010 period," Fifa said in a statement.
The funds are to be invested first and foremost in the development of football and to enable member associations to take part in Fifa competitions.
They are to be used in accordance with the FAP Regulations.
Member associations can also use this bonus as additional funding for existing or future Goal projects.
Last year, as announced at the Fifa Congress, each member association also received a one-off FAP bonus payment of US$250 000 while each confederation received US$2,5 million, thanks to the financial success of the year 2010.
The FAP is designed to motivate and empower the associations and confederations to organise development programmes that meet their needs and strengthen football and its administration in the long term.
It has served member associations in a variety of ways, according to their needs.
FAP funds, including bonus payments, are audited annually.
However, the disbursement of the funds will go a long way in boosting Zifa's empty coffers.
Cash-strapped Zifa last year wrote to the football body asking for a bailout to bankroll several projects.
Meanwhile, the Zimbabwe Warriors have moved five places up the Fifa/Coca Cola World rankings released on Wednesday.
The Warriors moved from position 118 to 113. The senior national team finished last year ranked 119.
They also improved on their continental rankings.
The team also moved five places on the continental rankings to position 28.
Source - Byo24News
