News24

R450m boost for SAFA

2012-04-18 22:25

Johannesburg - South Africans will now start to reap the benefits of hosting the 2010 FIFA World Cup, the SA Football Association (SAFA) said on Wednesday when it received R450m from global football body FIFA.

"We are very pleased that the Legacy Trust is now fully operational," said FIFA general secretary Jerome Valcke.

"It is the first time in the history of the FIFA World Cup that such a trust has been established and it required a complex administrative process, which is why it took us some time to set it up.

"I'm glad that we are now entering a phase that will focus on implementing the vision to ensure that the legacy can benefit the host country."

Valcke was in the country to finalise the R450m that was transferred by FIFA into the Legacy Trust accounts, which would be administered by international auditors Ernst and Young.

SAFA said it had previously received a R140m advance to help finance the build-up to the 2010 global showpiece, as well as R40m for football development projects and R70m for investment in a fleet of buses and cars for SAFA's 52 regional structures.

In total, it had received R700m from FIFA.

It said the Legacy Trust would support a wide range of public initiatives in the areas of football development, education, health and humanitarian activity.

"From today, we can look forward to the fruits of 2010 being enjoyed at grassroots level and within communities across South Africa," said SAFA president Kirsten Nematandani.

Danny Jordaan, the CEO of the 2010 World Cup organising committee, has been appointed as the chairman of the trust board.

SAPA

Comments
  • Sean - 2012-04-18 22:46

    Oh sh@t , who`s goint to steal it ??

      Sean - 2012-04-18 22:47

      10 % for development , 90% in the fat cats pockets !!

      CharlesDumbwin - 2012-04-19 07:27

      I give it one year before this R450 mil has dissappeared through government corruption and SAFA is back to scraping the barrel for funding ...

  • Ken - 2012-04-18 22:52

    Ooe eh eh!...this is no good Fifa, R450 million between 4 people is only R100 million each!.... shame on you!

  • Carol - 2012-04-18 23:32

    Just in time for the Zuma wedding. It's meant for football development, education, health and humanitarian activity - yeah right. Humanitarian activity???? - guess that's where the 'fatcats' cash in, they take 90% and 10% is spread amongst football development, education and health.

  • neo.mokhonoane - 2012-04-19 02:22

    This money has never benefited the country or the development of soccer at large. The only thing that they did was to purchase 52 buses for the regions, they forget that we all participated during the world cup. By purchasing tickets and Municipalities around the country advertising the games. Where is the grass roots development? Let alone developing the national teams. R450 million will be wasted because already R250 million of R700 million is already spend unwisely., let alone accounting for it.

  • Craig - 2012-04-19 04:43

    SAFA can use that money to buy a real soccer team.

      Jack - 2012-04-19 08:28

      i some how doubt it, not even money can win them cups.

  • Roy - 2012-04-19 06:28

    Let's hope that SAFA don't try a CSA and pay their committee big bonuses

  • Jacques - 2012-04-19 06:48

    I think SAFA needs to pay that money to SANRAL!! Afterall... the roads was made bigger & better for the 2010 Soccer World Cup and now we have to pay for it with the E-Toll system. I think it is fair to pay the R450 million to SANRAL and lower the E-Toll tarrifs. Or am I missing something? Most of that money will just be wasted and some people will get a HUGE bonus.

      Hugo - 2012-04-19 12:14

      and you will drive your car in a forest?

  • Shorcha - 2012-04-19 06:53

    SOUTH AFRICA hosted it, our government took out the money for the venues. so that money must come to SOUTH AFRICA not the FOOTBALL group ! ? This is nonsense !

  • Sidney Gilroy - 2012-04-19 06:57

    Hayibo FIFA!! 2 Billion $ Profit from SWC 2010 and we only get 100 million $. I think SA was taken for a d%&s by these western soccer imperialists!

      Dawood - 2012-04-19 09:16

      @ Sidney Gilroy $6bil in profit from across the board...first Sepp,Valcke and the other FIFA goons take their massive bonuses,then give us the crumbs of R700mil...and from there 90% will be in the fat cats pockets and 10% will be put back into soccer...The sports dept has given R500mil in funding to the olympic committee since the last games..and they hope on coming back with 7 gold medals..I see a maximum of 3 gold medals...BUT how can you justify 1/2 a billion rands for so few gold medals in a country where ppl dont have food...THIEVES, the lot of them

  • shane.primmer - 2012-04-19 07:26

    That means every Safrican gets about R1.1 mil each.

      Ross - 2012-04-19 07:41

      Yes, all 450 of us...?

      Cris - 2012-04-19 08:57

      No Shane. There are more than 450 people in this country. SMH

      Anele - 2012-04-19 15:56

      yoh but Shane ur dom bra! lol

  • NrGx - 2012-04-19 07:31

    ok so the stadiums dont have to pay to host the AFCON. SAFA have the funds now, or has it already been earmarked for "bonuses"

  • springbokke - 2012-04-19 07:41

    F.M.D......otherwise...no comment.

  • Andrew - 2012-04-19 08:03

    Watch how this will be syphoned off by management with huge bonuses etc.

  • chiepner - 2012-04-19 08:03

    It massive BONUS time!!! For each million that goes to football two million will end up in some fat cats pocket.........and the best of all is - because its SAFA there will be no enquiry or even nothing mentioned ever........and yet our local football development is non existing while parley hammers on other sporting codes throwing money at the youth and previous disadvantaged.......

  • Ian - 2012-04-19 08:10

    there you go safa, lots of gravy for you to have parties and travel first class, zip to get a decent team together though, clowns

  • Ian - 2012-04-19 08:13

    450 MILLION for what, bafoona bafoona failing to make it to the second round, they are so pathetic they they cant even choke properly

  • Rose - 2012-04-19 08:20

    ANOTHER BIG BONUS DEBACLE FOR SAFA BOSS!!!!!!

  • mzijimmym - 2012-04-19 08:25

    The money must now be used for development please,no self enrichment for SAFA honchos!

  • Lawrence - 2012-04-19 08:50

    With such amounts of funding, Bafana Bafana should have no excuse for not winning the Africa Cup of Nations as well as do well in the next world cup, Brazil 2014!!!

      Max - 2012-04-19 08:54

      I fully agree, why do we have one of the worst soccer teams in the world? Is it because we only have black players?

      Katleho - 2012-04-19 09:11

      Need to help out Banyana Banyana too! They get less money but perform better than their male counterparts! This money would help them a lot!!!!

  • Katleho - 2012-04-19 09:09

    Dear God, please help SAFA exercise some self control and not squander this money but rather give some of it to the AFCON host cities because that's where its needed most. Amen #optimisticSouthAfrican

  • hc12345 - 2012-04-19 10:06

    Step number 1 :Nice fat bonuses Step number 2: Steal what ever is left Step number 3: Ask the Lottery Operators to bail you out when all the money is gone. Please do not ask Majola for advice ..he got caught.

  • Hugo - 2012-04-19 12:12

    400 million for Khoza,10million for the others and the rest goes to football.

  • Njabulo - 2012-04-19 13:16

    Oh people, Ernst & Young are overseeing the fund and I don't think its gonna be that easy for it to be stollen with international auditor there....

  • Njabulo - 2012-04-19 13:18

    Oh guys, I dont think with Ernst & Young on board the funds will disappear just like that. lets give them a chance before we comment so naively.

  • thamifraser - 2012-04-21 12:38

    Great news. Now let's put it to good use, for the benefit of our football.

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