Motsepe confirms $50m Lagardere pay-off, promises $1bn for CAF and awards bumper pay-rises
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October 22 – The Confederation of African Football (CAF) has confirmed that the organisation paid $50 million in an out-of-court settlement to former marketing company Lagardere after the 2019 cancelation of a $1 billion contract.
Speaking to the 46th CAF annual congress in Addis Ababa, Ethiopia, today CAF president Patrice Motsepe said that the confederation had paid $50 million in two tranches to settle with Lagardere after the French company sued for compensation for the cancellation of it contract.
The post Motsepe confirms $50m Lagardere pay-off, promises $1bn for CAF and awards bumper pay-rises appeared first on Inside World Football.
