Sport

Salman said AFC’s financial support program will empower FAs and promote sustainability

December 7 – AFC President Shaikh Salman bin Ebrahim Al Khalifa (pictured) has underlined the value of the federation’s revamped financial aid programs saying they will “empower” the feds.

Under the AFC’s new Advanced Membership Association Program, member associations have a quota of $2 million over a 4-year cycle, with a maximum allocation of $500,000 per year. This money can be used in three main areas – management, competition management and infrastructure development.

Regional associations have access to $1 million for 4 years, with a maximum allocation of $250,000 per year, which can be used for administrative salaries, operational expenses, and special projects .

Shaikh Salman said: “The COVID-19 pandemic has affected economies around the world but through the resilience of our MAs and RAs, football is starting to return to normal and together Together we have to make sure that football continues to thrive.”
“Improved programs will fundamentally empower our MAs and RAs to further advance the sport through various programs and projects that will make a positive impact and leave a legacy.” lasting property.”

To access capital, FAs need a 4-year strategic plan by 2023 (completed or in progress) while regional associations are required to develop a 4-year strategic plan by 2020. 2022.

The new program is part of an ongoing effort to encourage and assist AFC members to establish and implement long-term and sustainable plans. The AFC says that the path to this goal is through a systematic approach to all key business areas through a process followed by good governance principles.

Ultimately, the AFC says it is only as strong as its members and that, coming out of the pandemic, it is more committed than ever to helping them boost their capacity and performance.

Shaikh Salman said: “A strong Federation based on strong members and the continued growth of Member and Regional Societies will always be at the heart of all our efforts, as highlighted in Vision and Mission of AFC,” said Mr. Shaikh Salman.

Contact the writer of this story at moc.l1638880296labto1638880296ofdlr1638880296owedi1638880296sni @ n1638880296osloh1638880296cin.l1638880296uap1638880296

http://www.insideworldfootball.com/2021/12/07/salman-says-afcs-financial-assistance-programme-will-empower-fas-boost-sustainability/ Salman said AFC’s financial support program will empower FAs and promote sustainability

JOE HERNANDEZ

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