Hadad hails ‘positive step’ with approval of TTFA’s audited financials
The audited financial statements of the TRINIDAD and Tobago Football Association (TTFA) for 2020 and 2021 have been approved by its members.
The approval comes with “certain conditions”, but these are expected to be ironed out and formalized in the coming days.
TTFA Standards Committee Chairman Robert Hadad and Eastern Football Association (EFA) Chairman Kieron Edwards breathed a sigh of relief after the members’ decision to finally approve the declarations verified by Aegis Business Solutions.
Both administrators were optimistic about this historic decision and believe it is a step in the right direction for TT football.
“This is another positive step in football following the recent approval of the Bankruptcy and Insolvency Act. We are delighted to be driving football forward and working with the football fraternity to bring the sport back to a level where we can all be proud.
“Our doors are open to stakeholders and we look forward to working with them. Let’s go together,” Hadad said.
The welcome approval came 17 days after the association’s annual general meeting (AGM), where it was decided to postpone action and hold talks with the standards committee to address some minor concerns raised by the members.
Edwards said: “The financial statements have been approved but with certain conditions. The standards committee should provide other documents to the verified statement, but this would be provided. It should be a simple process.
At the EGM, Edwards said members showed a keen interest in clarifying some issues, holding people accountable and making sure their questions didn’t go unanswered.
He was, however, delighted that the TTFA had come at such a crucial time and that communication between the standards committee and the members had improved for the betterment of TT football.
“This endorsement was the first time I felt football was moving in the right direction, especially when members ask relevant questions about important issues. We need to continue the process.
“Once the documents are presented to us for approval, it cannot be a rubber stamp. We (members) must review the information available to us and make an appropriate representation.
“So when we cast that vote of approval, it has to be one that we are comfortable with and that we can take back to our members and let them know that a decision was made in the best interest of the community. TTFA,” he added.
Edwards said there was positive feedback from the standards committee and confirmed that Hadad mentioned that they “need to do a little better with communication.”
The future looks bright, he told Newsday.
“We look forward to seeing this level of communication and dialogue continue in a respectful manner, as it has for future business. We continue to look forward to better and brighter days for football.
Of the 48 members of the TTFA, about 30 were present for the EGM on Saturday. The approval of the financial statements for 2020 and 2021 was the only item on the agenda of the EGM.
Edwards added that the approval is one of several requirements required by FIFA for the TTFA to apply for its advanced funding from FIFA.