Sunday, March 22, 2009

$10 Million to Concacaf from FIfa

  • NEW YORK – CONCACAF will receive $10 million from FIFA for development initiatives in Central America and the Caribbean, with the aim to strengthen and enhance the infrastructure of 11 fledgling leagues in the region.“Win in CONCACAF with CONCACAF” was approved by FIFA and CONCACAF President Jack Warner on Thursday. It will be administered by Keith Look Loy of Trinidad & Tobago and will get its full launch at the May 11 CONCACAF Executive Committee meeting in New York and the confederation Congress June 1 in the Bahamas. The money will be targeted at helping the leagues in Barbados, Belize, El Salvador, Guyana, Haiti, Honduras, Jamaica, Nicaragua, Panama, Suriname and Trinidad, seeking to bolster areas from youth and referee programs to coaching education. Leagues will be required to establish long-term marketing and sponsorship programs, including television and new media rights distribution. Similarly, participating clubs will be mandated to establish a constitution, submit annual reports and sustainable youth programs. "This is a dream come true for 11 of our member countries,” Warner said. “It will surely help to lift the bar of football in these countries. My sincere hope is that the governments and business organisations join with us in this FIFA initiative that will take the sport to even greater heights".

No comments: