Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    South African Rand Weakens as US Dollar Hits 18-Month High

    October 12, 2026

    Global Equities Markets Rise as Oil Bear, AI Drive Risk Appetite

    October 12, 2026

    Price Increases 110bps as Ripple’s XRP Attracts Capital

    October 12, 2026
    Facebook X (Twitter) Instagram
    Trending
    • South African Rand Weakens as US Dollar Hits 18-Month High
    • Global Equities Markets Rise as Oil Bear, AI Drive Risk Appetite
    • Price Increases 110bps as Ripple’s XRP Attracts Capital
    • Oil Prices Dip as Russia-Ukraine Energy Truce Eases Supply Risk
    • Interbank Rates Climb as System Liquidity Surplus Moderates
    • World ‌‍⁠‌‍⁠⁠‍‌⁠⁠⁠‌⁠‌Bank Scouts for $5.79bn in Private Financing for Nigeria
    • Are Visa or Mastercard truly the best payment methods?
    • CBN Raises N4.3trn from OMO, Treasury Bills Subscriptions
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, October 12
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Sport » New African Football League to start on Oct. 20   —-Infantino

    New African Football League to start on Oct. 20   —-Infantino

    Marketforces AfricaBy Marketforces AfricaJuly 14, 2023 Sport No Comments3 Mins Read
    New African Football League to start on Oct. 20   —-Infantino
    Gianni Infantino, FIFA President
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    New African Football League to start on Oct. 20   —-Infantino

    The kick-off of the new eight-club African Football League has been confirmed for Oct. 20 by FIFA president Gianni Infantino.

    He made the announcement at the General Assembly of the Confederation of African Football (CAF) in Abidjan on Thursday.

    The competition has been drastically scaled down from the original proposal of 24 clubs as CAF announced a 15.7 million dollar loss for the 2022/2023 financial year.

    “It will have eight great teams, which will be followed in the future with a bigger version,” Infantino told delegates.

    “We have to invest in African club football as well as national team football.

    “It is our responsibility, duty, and task, and with the work and contribution of all of us as a team, we will succeed.”

    Not much more is known of the competition a little over three months before it is set to kick off, with CAF yet to formally confirm the participating clubs.

    But it is understood that the eight clubs may include South African champions Mamelodi Sundowns, who are owned by the family of CAF president Patrice Motsepe, and Petro Atletico from Angola.

    The rest are the Democratic Republic of Congo’s TP Mazembe, Al Ahly from Egypt, Horoya from Guinea, Wydad Casablanca from Morocco, Tanzania’s Simba, and Esperance of Tunisia.

    The competition will run concurrently with CAF’s Champions League for domestic league winners across the continent and is not a replacement.

    Details around broadcasters, sponsors, and logistics also remain under wraps for now.

    Motsepe has spoken at length in recent years of needing to improve the African football “product” to make it more appealing to a global audience.

    The new league is said to be key to that.

    “We have recognized for many years that African football players have been among the best in the world, but we have to improve the appeal of African football, its commercial viability, and its capacity to sustain itself,” Motsepe told delegates.

    Meanwhile, CAF also confirmed a loss for the previous financial year.

    But that is off the back of a 17 percent improvement in revenues to 125.2 million dollars, which they anticipate will grow further in 2023/2024.

    The deficit was not unexpected after CAF settled out of court for an undisclosed figure with commercial agency Lagardere last November.

    This was after it cancelled a 10-year one-billion-dollars television and marketing rights deal in 2019.

    “CAF had to take some difficult decisions on the long-standing dispute with some of our partners by settling matters out of court,” CAF said in a statement on Thursday.

    “This, plus other accounting standards provisions recommended by CAF auditors, were fully provided for in the financials. #New African Football League to start on Oct. 20   —-Infantino#

    UEFA Fines Barcelona, Man United, Others for Breaking Fair Play Rule

    African Football League Gianni Infantino
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Atletico Thrash Tottenham 5–2 in Champions League

    Galatasaray Advance After Extra Time to Deny Stunning Juventus Comeback

    Real Madrid Rally to Reach Champions League last 16

    Nigerian Fencer Brou Ranked Top 10 Globally

    Chelsea Beat Hull City 4-0 to Victory

    Manchester City Thrashed Leicester 6-0

    Add A Comment

    Comments are closed.

    Editors Picks

    South African Rand Weakens as US Dollar Hits 18-Month High

    October 12, 2026

    Global Equities Markets Rise as Oil Bear, AI Drive Risk Appetite

    October 12, 2026

    Price Increases 110bps as Ripple’s XRP Attracts Capital

    October 12, 2026

    Oil Prices Dip as Russia-Ukraine Energy Truce Eases Supply Risk

    October 12, 2026

    Interbank Rates Climb as System Liquidity Surplus Moderates

    October 12, 2026
    Latest Posts

    Atletico Thrash Tottenham 5–2 in Champions League

    March 11, 2026

    Galatasaray Advance After Extra Time to Deny Stunning Juventus Comeback

    February 26, 2026

    Real Madrid Rally to Reach Champions League last 16

    February 26, 2026

    Nigerian Fencer Brou Ranked Top 10 Globally

    February 22, 2026

    Chelsea Beat Hull City 4-0 to Victory

    February 14, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.