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Safa announce a profit of R10 million

The football body says revenues over the past year went up by 35 percent.

SAFA President Danny Jordaan. Picture: Facebook.com

JOHANNESBURG - The South African Football Association (Safa) has announced a profit of R10 million at its AGM in Sandton this afternoon.

The football body says revenues over the past year went up by 35 percent.

Funding from 2010 legacy projects also helped but Safa President Danny Jordaan says the association's turnaround strategy received a significant boost thanks to a R1 billion broadcast deal with new open air TV channel Siyaya TV.

The deal will see Bafana Bafana matches being broadcast on Siyaya TV from April next year.

Speaking at the association's AGM, Jordaan said Safa is currently in talks with the South African Broadcasting Corporation (SABC) in a bid to get the public broadcaster in on the new deal.

He says while other sports made money from broadcasting deals, for a long time football was losing out.

"It's been three years running where we've had financial difficulties. And if you don't have the money you cannot achieve success. I think the members feel good that financially we are in a better space."

He also said the AGM was a success.

"The members were happy with the progress and success we've achieved and that they expressed in total support. Earlier this morning of course we had our former presidents here and they too expressed their appreciation for us recognising their role."

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