CAF faces crisis over format change

The Guardian newspaper reveals that the Confederation of African Football (CAF) canceled a deal that would have generated no less than one billion dollars in revenue over eight years, due to a decision to change the hosting schedule of the Africa Cup of Nations from a biennial tournament to one held every four years. The deal was supposed to include marketing rights and commercial rights for the tournaments in 2028, 2032, and 2036. However, changes to the tournament's format led to the cancellation of the previous bidding process and a revision of the scope of commercial rights. These decisions reflect a significant departure from previous agreements that guaranteed certain revenues and outlined clear financial benefits. The recent agreement eliminated major opportunities for high returns, thereby disrupting CAF’s financial plans and causing a decline in figures related to tournament rights sales.

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