PORT OF SPAIN, Trinidad, CMC – The FIFA-appointed Normalisation Committee was unable to secure approval for the 2019 audited financial statements of the Trinidad and Tobago Football Association (TTFA) at its Annual General Meeting (AGM) Sunday.
A statement issued by the committee after the meeting which was held via Zoom, disclosed that members have been tasked to review the Audited Financial Statements for the year ended 31st December 2019 in detail, understand the implications to the TTFA, and table all additional questions to the external auditors Madan Ramnarine and Co.
“If we really wish to rebuild football in this country, then we must embrace the debt crisis as the entire membership’s problem. It is an unprecedented problem, but it is a problem that we all share,” the committee’s chairman Robert Hadad said.
“The issues have been aired, improvements in governance outlined, the need for fundraising and debt repayment stated – let us work together to restore this fractured association.”
The Normalisation Committee was appointed in March 2020 after a FIFA/CONCACAF fact-finding mission found that extremely low overall financial management methods, combined with massive debt, had resulted in the TTFA facing a very real risk of insolvency and illiquidity.
During the AGM, the TTFA membership attempted to expel the Coaches Associations from the membership, based on inactivity/dormancy.
However, this motion was not properly executed as per the TTFA Constitution, the Normalisation Committee said.
That matter as well as the approval of the audited financial statements and admission for membership from the Unified Football Coaches of T&T will be tabled at an Extraordinary General Meeting to be held in two weeks.
