Africa Will Reach 2026 World Cup Final – CAF President | Football/Soccer

For the first time, Caf officially acknowledged it has settled its affairs with French media company Lagardere (now SportFive) after unilaterally canceling the biggest broadcasting deal in African football history.

The decision was taken when the African body was jointly run alongside Fifa's Fatma Samoura, with the Secretary General effectively seconded to Caf in a bid to clean up the game.

During this six-month period, which ended when Caf's top officials voted against any extension, the Lagardere deal was canceled with the lure of better opportunities to come - only for the coronavirus to severely damage such hopes months later.

"We can confirm that the dispute between Caf and Lagardere has been amicably resolved to the satisfaction of both parties," he said.

Motsepe said legal reasons prevent Caf from discussing the deal, with Lagardere having told the BBC the same thing earlier this month.

The settlement fee that Caf must pay Lagardere is $50m, split into two payments of $25m, by the end of 2024, BBC Sport Africa understands.

Both the settlement fee and Lagardere cancellation have further weakened Caf's finances, an issue Motsepe said he would address upon taking charge in March 2021, a day when Caf revealed losses of roughly a third of its cash reserves over the previous financial year.

Motsepe said that he was asked to drop CHAN by some leading Caf officials as it "loses money" - in a further admission of how the Lagardere deal has affected things, given that this tournament was scheduled to bring in $43m as per the now ripped -up contract.