According to Expansão newspaper, the numbers, which are part of the report and accounts of the institution, show that on December 31 of last year the FAF's equity was negative, at a value above 1.12 billion kwanzas.
"Such situations indicate the existence of a significant uncertainty that may jeopardize the ability of the Angolan Football Federation to continue the normal course of operations," indicates the document, cited by the same newspaper.
To the negative capital is added the fact that the FAF has almost no assets. Contrary to what was thought, the Hotel Palanca, the Casa do Desportista, among others, are not of the FAF. In terms of patrimony, the federation has a laundry, which cost about seven million kwanzas, cars, desks and computers. A patrimony valued at about 36.6 million kwanzas, writes the Expansion.
The numbers also indicate that the balance of the FAF in 2019 worsened compared to 2018. Although it suffered an increase of about 37.7 percent in revenues, the net result remained negative.
The institution's costs also increased by 71 percent. This increase can be justified by the fact that the national teams have participated in more competitions outside the country - for example, the national team participated in the CAN in Egypt and the Under-17 team participated in the World Cup in Brazil - which caused the FAF to spend more on travel, accommodation and prizes.
