Osasu Obayiuwana: Will PwC audit bring a day of reckoning for CAF’s toxic culture?

When two [or more] elephants fight, it is the grass that suffers” – African proverb.

When FIFA, CONCACAF, CONMEBOL and the OFC were brought to their knees, in 2015, as a result of the financial scandals that exposed shocking levels of graft and maladministration in the game, informed watchers of the African football landscape always wondered when the continent’s inevitable moment of reckoning would come, as it was virtually unscathed during this tumultuous period.

Read more …

Who sets Africa’s agenda? Its elected leaders? Or Europeans?

“We must find an African solution to our problems”Kwame Nkrumah (Prime Minister of Ghana, 1957-1966)

Anyone with an acute sense of history will remember how, in the late 1980s, the master-servant relationship between the International Monetary Fund (IMF) and Western financial institutions, on the one hand, and financially troubled African nations on the other, led to the imposition of flawed ‘Structural Adjustment Programmes’ (SAP) that devastated the economies of the countries that borrowed money under these onerous SAP terms and conditions. 

Read more …

David Owen: City Football Group – Can Snow White and the seven dwarfs become a football fairy story?

City Football Group (CFG)’s business strategy always seemed rather baffling. Yes, OK, assemble a collection of similar businesses – in this case football clubs – inside the same tent and you can shave back-office costs. You might be able to engineer a less wasteful talent development pipeline than one-legged rivals. And if the real aim is soft power, well, the Abu Dhabi flag has been well and truly planted in outposts of the beautiful game from Melbourne to Mumbai.

Read more …

Has CAF cut its own safety net with its financial tightrope walk?

“In politics, what begins in fear usually ends in folly.”
― Samuel Taylor Coleridge

While the decision of the Confederation of African Football (CAF) to unilaterally terminate its 12-year $1 billion contract with Lagardere Sports (LS) continues to reverberate around the continent – and outside of it – informed Insideworldfootball readers  will not be surprised about the development.

Read more …

The bells toll for the biennial Africa Cup of Nations

AFCON trophy

“Facts do not cease to exist because they are ignored.”  Aldous Huxley

FIFA’s decision to stage an expanded 24-team Club World Cup (CWC) in China, which will take place between June 17 and July 4 2021, has serious and grave implications for the future of Africa’s most prestigious tournament – the biennial Cup of Nations. 

Read more …