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BFA Financial Update – 8 May 2020

FIFA RELIEF FUND AND GOVERNMENT ASSISTANCE
BFA like any other FIFA member association receives USD 1000 000 for its annual operations. The money is disbursed in two instalments of USD 500 000 every January. The second disbursement comes every July of the reporting year. These funds are based on the 10 points agenda items set by FIFA to have been achieved. The same are audited according to that criteria.

FIFA has promised to assist their 211 Member associations from what has been termed a FIFA relief fund. Botswana Football Association as a member has been asked to submit its request on the COVID-19 relief. After consultation with its members, the BFA has duly complied and now awaits the response from the mother body.

As of 08 May 2020, the funds had not yet been received by the BFA. FIFA is still going through its governance approval processes. Once finalised Member Association will be notified of the amounts disbursed, to mitigate the negative effects of COVID 19. The assistance according to FIFA will be done on each country’s needs.

OPERATIONAL COSTS
In an effort to mitigate the financial impact of COVID-19 on Member Associations. The second disbursement afore mentioned has been moved from July to May 2020.

This was done to obviously help the Association to continue operating during this tough period and to avoid football structures from collapse.

Once the relief funds are available the BFA-NEC will advice on its usage and distribution. The framework and guidelines are being developed with input from BFA structures.

The Botswana Football Association has advanced all the BPL Teams an amount of P40,000 per team against what will be availed from their League grants.

The BFA structures and regions have also submitted their requests to BFA and will be assisted as soon as possible.

GOVERNMENT ASSISTANCE.
The government of Botswana through the Botswana National Sports Commission (BNSC) communicated to its members association to assist them financially on the effects of COVID-19.

Government is yet to finalize the assistance. All this will be done in a transparent manner with independent auditors and government authorities overseeing the process.

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Registration of a company-Botswana Football League

Following various resolutions by the Botswana Football Association [BFA] -National Executive Committee to grant the elite league autonomy the move has since begun.

The Botswana Premier League also has always advocated for their autonomy and this comes at a time when the move for a commercial wing of the elite league is a must do.

Different football General Assemblies have also reiterated the need for the Botswana premier League to be independent from BFA.

The journey to make that a reality has begun with the help of different stakeholders. The FIFA professional department has been holding the BFA’s hand to achieve the desired goals.

BFA has since appointed a Transformation and Sponsorship Committee to implement the transformation of the elite league.

We are happy to announce that Botswana Football League (Pty) Ltd is registered with CIPA.

The company [Botswana Football league – BFL] will have all 16 premier league clubs as shareholders, and it will be a stand-alone company which will run their errands independently from the BFA. The BFL will only be a special member of the federation [BFA] as per FIFA standards and guidance.

The company will re-brand the elite league and make it a more viable property to entice partnerships that will see value in their investment by associating with this business entity.

A new dawn begins. The days of the premier league running as a society are over. These are exciting times and it can only be hoped that all stakeholders will be happy for this new beginning.

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