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CAF announces a 17% rise in revenue and aspires to be globally competitive

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CAF announces a 17% rise in revenue and aspires to be globally competitive

At its 45th Ordinary General Assembly in Abidjan, Ivory Coast, the Confederation of African Football (CAF) reported a 17% year-on-year growth in commercial income totalling $125.2 million.

This large increase of $21.6 million was mostly due to increased sponsorship and media rights.

The increase in revenue comes as CAF strives to make African football more competitive on a global scale. The organisation anticipates a larger financial recovery in the following months as media and sponsorship rights expand. CAF, on the other hand, remains conservative in its expenditures while the economy recovers.

CAF’s resolve to spend more in its events and make African football self-sustaining was reflected in a 26% rise in prize money and tournament expenditures, totalling $78.9 million. CAF President Dr Patrice Motsepe reiterated the organization’s commitment to CAF Competitions.

CAF addressed long-standing conflicts with several partners through out-of-court agreements during the year. Furthermore, the organisation followed audited accounting standards regulations, which were properly accounted for in the financial statements.

While CAF’s overall comprehensive loss position improved by $15.7 million from the previous year, the company remains focused on boosting the worldwide popularity and stature of its competitors. The CAF Champions League, CAF Confederation Cup, CAF Super Cup, CAF Women’s Champions League, Futsal, and Africa Schools Programme will be delivered in the upcoming fiscal year 2023/2024, with a projected budget of $110 million allocated for organisation and prize money.

CAF’s development spending has also grown, with an emphasis on assisting member associations and zonal unions in their efforts to improve football. Among the organization’s goals are investments in women’s and youth tournaments, referee capacity development, the adoption of Video Assistant Referees (VAR) at the zonal level, and increasing governance and controls over money.

Looking ahead, CAF is upbeat about its financial prospects for the fiscal year 2022/2023, owing principally to the impending Africa Cup of Nations in Ivory Coast in January 2024. The flagship competition is intended to significantly increase CAF’s financial resources.

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Man City win historic fourth English title in a row, with Foden scoring twice

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City escaped a late scare after VAR ruled West Ham's second goal out for handball. Nonetheless, their success was never in doubt. The victory brought the club's league record to 19 victories and four draws since their previous setback at Aston Villa on December 6. City has now won six of the last seven Premier League championships. Last season, they joined Huddersfield, Arsenal, Liverpool, and Manchester United in winning the Premier League for the third consecutive year. Guardiola's club has now accomplished what no other men's team has since the formation of the English league in 1888, 136 years ago.

Imperious Manchester City defeated West Ham 3-1 at Etihad Stadium, becoming the first team to win the English league title four years in a row.

With City needing a victory to ensure they could hold off Arsenal, who started the final day two points behind but with a higher goal differential, Phil Foden put Pep Guardiola’s side ahead after only two minutes.

The England star scored another before halftime, and while Mohammed Kudus drew one back, midfielder Rodri restored the home side’s two-goal lead with a strike from the edge of the box after 59 minutes.

City escaped a late scare after VAR ruled West Ham’s second goal out for handball.

Nonetheless, their success was never in doubt.

The victory brought the club’s league record to 19 victories and four draws since their previous setback at Aston Villa on December 6.

City has now won six of the last seven Premier League championships. Last season, they joined Huddersfield, Arsenal, Liverpool, and Manchester United in winning the Premier League for the third consecutive year.

Guardiola’s club has now accomplished what no other men’s team has since the formation of the English league in 1888, 136 years ago.

They will meet Manchester United in the FA Cup final at Wembley Stadium on May 25th, looking to become the first team to clinch the domestic double in consecutive seasons.

It has been 15 months since City was slammed with 115 Premier League accusations for suspected financial irregularities, which they strenuously dispute. Earlier this season, Everton and Nottingham Forest were both penalised and deducted points for violating profit and sustainability regulations. However, there has been no news on when City’s case would be heard.

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Usyk Stuns Fury to Become Undisputed Heavyweight Champion

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The rematch, tentatively scheduled for October, promises to be another epic encounter between two of the world's top heavyweights. For now, however, Usyk can bask in the glory of his hard-fought win and celebrate his newfound status as the undisputed heavyweight champion of the world

In a thrilling showdown at the Kingdom Arena — Riyadh, Saudi Arabia, Oleksandr Usyk pulled off a stunning upset against Tyson Fury, winning by split decision to become the undisputed heavyweight champion of the world.

The Ukrainian boxer, who remained unbeaten with a record of 22-0, inflicted the first defeat of Fury’s professional career, handing the British fighter his first loss in 34 fights. The judges’ scorecards read 115-112, 113-114, and 114-113 in favour of Usyk, who has been crowned the new champion in front of a packed crowd.

The fight was a closely contested affair, with both fighters giving it their all in a gruelling 12-round battle. Usyk’s superior footwork and hand speed allowed him to outmanoeuvre Fury, landing several crucial shots throughout the fight. The turning point came in the ninth round when Usyk sent Fury crashing to the canvas with a devastating left hook.

Fury, known for his incredible resilience, managed to get back to his feet and continue fighting, but Usyk’s momentum had already shifted the tide of the fight in his favour. Despite Fury’s valiant efforts in the final rounds, Usyk’s early lead proved insurmountable, and he was declared the winner by split decision.

“This is the greatest moment of my life,” an emotional Usyk said in the post-fight interview. “I want to thank my team, my family, and my country for their unwavering support. I proved tonight that I am the best heavyweight in the world, and I will do everything to remain champion for a long time.”

Fury, disappointed in defeat, disputed Usyk’s performance, saying, “I believe I won that fight. He won a few rounds but I won the majority. We both put on a good fight. We’ll be back, we’ve got a rematch clause. I believe I won that fight but I’m not going to sit here, cry and make excuses.”

Usyk’s victory marks a historic moment in boxing, as he becomes the first undisputed heavyweight champion since Lennox Lewis in 1999. The win also sets up a potential rematch with Fury, which is already generating significant buzz in the boxing community.

The rematch, tentatively scheduled for October, promises to be another epic encounter between two of the world’s top heavyweights. For now, however, Usyk can bask in the glory of his hard-fought win and celebrate his newfound status as the undisputed heavyweight champion of the world.

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Roberto De Zerbi will leave Brighton after Manchester United game

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Brighton finished sixth last season, their highest-ever top-flight position, achieving European qualifying for the first time in club history. "Roberto has given us two excellent seasons of service in which he has led the club to new heights, not least our first-ever European campaign which will live long in the memory of Albion fans," Bloom stated. "We have mutually agreed to end Roberto's contract at a time that suits both parties allowing us the earliest opportunity to plan for next season, and Roberto plenty of time to consider his next move and his future." BBC Sport believes that one manager on Brighton's list to replace De Zerbi is likely to be Kieran McKenna, who just gained promotion to the Premier League with

Brighton’s head coach, Roberto de Zerbi, will quit following the club’s last Premier League match of the season against Manchester United at home on Sunday.

Chairman Tony Bloom stated that the Premier League team and De Zerbi “have mutually agreed” on the Italian’s departure.

De Zerbi, 44, signed a four-year deal with the Seagulls in September 2022 after previously coaching Shakhtar Donetsk.

Brighton finished sixth last season, their highest-ever top-flight position, achieving European qualifying for the first time in club history.

“Roberto has given us two excellent seasons of service in which he has led the club to new heights, not least our first-ever European campaign which will live long in the memory of Albion fans,” Bloom stated.

“We have mutually agreed to end Roberto’s contract at a time that suits both parties allowing us the earliest opportunity to plan for next season, and Roberto plenty of time to consider his next move and his future.”

BBC Sport believes that one manager on Brighton’s list to replace De Zerbi is likely to be Kieran McKenna, who just gained promotion to the Premier League with Ipswich.

Brighton topped their group in the Europa League this season, defeating Ajax, Marseille, and AEK Athens before being eliminated in the final 16 by Roma.

They are currently tenth in the Premier League heading into their last game on Sunday and cannot finish much higher.

“I am sure our fans will give Roberto and his staff a wonderful and fully deserved send-off at the Amex before, during and after tomorrow’s match,” Bloom stated.

“In the meanwhile, I’d want to thank Roberto and his colleagues for all of their hard work over the last two seasons. They have all left our club on good terms, with our best wishes for the future.”

De Zerbi, who took over after Graham Potter departed for Chelsea, stated: “We have agreed to conclude my tenure at Brighton so that the club and I may continue to operate in the way that works best for each of us, following our own ideas and ambitions, as well as our professional and personal values.

“Leaving now allows me to take a break before deciding on my future intentions.

“I am very sad to be leaving Brighton, but I am very proud of what my players and staff have achieved with the support of everyone at the club and our amazing fans in the past two historical seasons.”

Seven De Zerbi’s coaching staff members will also go, although first-team coach Andrew Crofts and custodian Stern will remain at the club.

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