GFA Debt Exceeds EC$160,000

The Grenada Football Association (GFA) remains committed to the development of all aspects of football in Grenada, to promote, develop and inspire Grenada’s youngsters to become involved in the game, despite being indebted in to creditors in excess of EC $160,000.

A recent statement issued by the GFA regarding its current financial situation, referenced  the need for an average annual investment of  approximately USD$1.5 million, to facilitate domestic competitions, training for officials, referees, administrators and coaches, to focus on strategic relationships with other member associations and confederations, and as well as participate in regional and international friendly matches and competitions. Obtaining this sum may prove difficult, given the current global financial situation.

The statement read in part, “We are confident about our debt management, which includes negotiation with some of our creditors who have offered forgiveness on outstanding amounts, as well as ongoing discussions with others on a payment plan to reduce these amounts. We assure you that despite the concerns raised, our unwavering commitment towards the development of the game will be balanced with the investments required to make a serious impact on the lives of our nation’s youth. Finally we assure every one of our friends, affiliates, partners, stakeholders and shareholders, that the current executive committee shall be responsible in all of its actions going forward.”

By Linda Straker

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