Zifa to publish financial accounts

HARARE - The Zimbabwe Football Association (Zifa) says they will make public their audited financial accounts for the first time in three years.

Zifa will on July 25, 2014, present the association’s 2011, 2012 and 2013 audited financial accounts to the Zifa Assembly for approval.

The cash-strapped association is currently battling to settle a spiralling $5 million debt that has threatened to bring Zifa to its knees.

It is Zifa’s hope that once they release the financial results, it will help clean their image and attract the much sort after financial support from the corporate sector.

“The accounts will be presented to the Assembly for ratification on July 25 2014 and will thereafter be presented to the public,” according to a statement the Zifa official website yesterday.

“This is further evidence that Zifa adheres to corporate governance tenets and going forward we shall remain transparent and accountable.

“Zifa president Cuthbert Dube, took office in 2010 in the aftermath of the horrific match-fixing scandal that hit former president Wellington Nyatanga’s administration.”

Meanwhile, Zifa is in the process of acquiring new offices at Alexandra Park in Harare following approval of a $500 000 grant from Fifa.

Once the acquisition is complete, Zifa will now move from its dilapidated headquarters currently situated at 53 Livingstone Avenue in the capital.

“From Harare, we are moving to Bulawayo where we would build new headquarters for the region. I want to leave a legacy after my tenure,” Dube told the Zifa website.

“We have the agreements for the Alex Park offices and we are not stopping and I am pleased Fifa is supporting us throughout this programme.

“We are fully behind Sepp Blatter and he we are going to vote for him next year,” he added.

Zifa will receive a grant of $250 000 from Fifa this year plus a $500 000 bonus from the 2014 World Cup currently taking place in Brazil.

These payments are outside the grants for the new buildings in Harare and Bulawayo.

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