R96 million to be allocated from South Africa’s share of profit for hosting the 2010 World Cup
There will be R53-million left from the original R450-million of the 2010 Fifa World Cup Legacy Trust‚ once the R96-million allocated to be spent by the South African Football Association (Safa) this year has been disbursed.
South Africa’s share of profit for hosting the World Cup amounted to US$65-milllion‚ and that amount‚ which translated into R452‚762‚816‚ went into the Legacy Trust.
Interest received on that over nine years has been R149-million.
The expenditure has been R449-million‚ leaving R150‚066‚743. Of that R96‚374‚823 has been dispensed to Safa‚ leaving R53‚691‚920.
The trust paid grants to Safa worth R321-million for various programmes.
It has financed Safa’s 52 regions (R31-million)‚ associate members (R9.7-million) and 311 Local Football Associations‚ or LFAs (R2.7-million); and paid to NGOs (R29-million) and bursaries (R2.3-million).
The major expenses involved in the R96-million being disbursed to Safa are R19-million to junior national teams and R10-million to a new national women’s league‚ scheduled to kick off on August 9.
There is also R7.5-million to Safa’s 52 regions‚ R4.75-million to the Football for Hope NGO programme‚ R4.65-million for technical officials‚ R5-million for LFA junior leagues‚ R5-million to the KZN Academy‚ and R8.24-million for administration.
Safa president Danny Jordaan said the R53-million left in the trust is being reinvested.
“Of course we are also talking about how we sustain this trust. Because the trust has really produced magnificent results for us‚” he said.
Among initiatives Safa has spent its R320-million portion of the trust on in the last eight years are:
* the establishment and development of Safa’s National Technical Centre at Fun Valley in Olifantsvlei‚ Johannesburg.
* the establishment of the KZN Academy in Hoy Park‚ Durban‚ and that academy’s annual tours of Portugal‚ resulting in numerous young products securing products there;
* youth leagues (U-13 and U-15 boys and girls) in almost all Safa regions and LFAs;
* U-17 and U-19 interprovincial competitions;
* Thousands of coaches have been trained;
* training of referees;
* expansion of women’s football;
* the funding the women’s academy at the High Performance Centre at Pretoria University.