JOHANNESBURG (AP) — South African organizers say they made a slim profit of 3.6 million rand ($366,000) from the African Cup of Nations in January and February.
Delivering the final report and financial results, the local organizing committee said late Monday that it exceeded its own expectations on the three-week tournament by about $305,000.
Although LOC chairman Mwelo Nonkonyana said the report "clearly depicts a positive financial position for the tournament," it underlines the gap between Africa's top tournament and the money-spinning World Cup, and shows how far the Cup of Nations lags behind in commercializing its product.
South African football was left with about $80 million from FIFA following the hosting of the 2010 World Cup. That figure did not include the money local organizers made off ticket sales.