Football is set to get a $70M injection after the United States Department of Justice returned the funds to Concacaf.
President of Concacaf and Vice President of FIFA, Victor Montagliani made the disclosure during Concacaf's 36th Ordinary Congress, held virtually yesterday.
“Your commitment to improved financial governance structures, and to the football first philosophy we have now championed for five years delivered a groundbreaking moment for Concacaf. After a long process that included our collective support for the US Department of Justice process, and our commitment to delivering governance reforms and best practices, this year the landmark decision was made to provide remission funds to Concacaf. This will see $70M reinvested in the development of football in our region,” he announced.
The funds are to be managed by the FIFA Foundation, with continued oversight from the US Department of Justice, and will be invested in football development; the purpose for which they were originally intended.
President Montagliani presided over the Congress, alongside Concacaf General Secretary Philippe Moggio and members of the Concacaf Council, where he praised all Concacaf MAs for their commitment to the important financial governance measures delivered over the past five years.
“Our region, like everywhere in the world, has continued to suffer this year due to the huge difficulties associated with the global pandemic. We have shown incredible resilience and we have come together as a Concacaf family to deliver football again for the love of the game, for our region, and for our fans,” he said.
Member Associations were provided the opportunity to reflect on the 11 Concacaf competitions delivered this year in spite of the global pandemic. Concacaf also hosted arguably the biggest Gold Cup, featuring 24 Concacaf Men’s National Teams, along with guest Qatar.
Delegates from the various MAs also looked back on some of the significant work carried out off the pitch, including the creation of a new Concacaf Women’s National Team competitions calendar, and a new Concacaf club ecosystem that incorporates an expanded Concacaf Champions League beginning 2024.
President Montagliani noted in the past he had spoken about the right to think long term, and noted now was that time for Concacaf.
“Your commitment and love for the game has inspired us and enabled us reach heights in 2021 that this time last year was unthinkable. Working with you, and working for you, so far this year we have delivered 11 Concacaf competitions, including an outstanding 2021 Gold Cup which delivered on all fronts, on and off the pitch.
“I think you will all agree this has the potential to be truly transformational for the growth of football in our great region. Football is truly thriving in our Confederation, on and off the pitch, and I commend all of you for your commitment to putting the game first,” Montagliani said.
President Montagliani also paid tribute to former St. Kitts and Nevis Football Association President Anthony Johnson, who very recently passed away. Mr. Johnson was a valued member of the Concacaf family and the thoughts of everyone at Concacaf and its 41 Member Associations are with his loved ones.
Additionally, the Congress also included the appointment of several FIFA and Concacaf Council positions.
As part of this 36th Ordinary Congress, uncontested elections were conducted for the following Concacaf Council and FIFA Council positions:
Vice President (Central America): Rodolfo Villalobos (Costa Rica), reelected
Member (Caribbean): Maurice Victoire (Martinique) reelected
Member (North America): Nick Bontis (Canada), elected
Member (North America): Yon de Luisa (Mexico), elected