PORT OF SPAIN, Trinidad — The Bureau of the FIFA Council has appointed a normalisation committee for the Trinidad and Tobago Football Association (TTFA) in accordance with art. 8 par. 2 of the FIFA Statutes.
The decision follows the recent FIFA/Concacaf fact-finding mission to Trinidad and Tobago to assess, together with an independent auditor, the financial situation of TTFA. The mission found that extremely low overall financial management methods, combined with massive debt, have resulted in the TTFA facing a very real risk of insolvency and illiquidity. Such a situation is putting at risk the organisation and development of football in the country and corrective measures need to be applied urgently.
Therefore, the mandate of the normalisation committee will include the following:
- To run the TTFA’S daily affairs;
- To establish a debt repayment plan that is implementable by the TTFA;
- To review and amend the TTFA Statutes (and other regulations where necessary) and to ensure their compliance with the FIFA Statutes and requirements before duly submitting them for approval to the TTFA Congress;
- To organise and to conduct elections of a new TTFA Executive Committee for a four-year mandate.
The normalisation committee will be composed of an adequate number of members to be identified by the FIFA administration, in consultation with Concacaf. In line with the FIFA Governance Regulations, all members of the normalisation committee will be subject to an eligibility check.
The normalisation committee will act as an electoral committee, and none of its members will be eligible for any of the open positions in the TTFA elections under any circumstances. The specified period of time during which the normalisation committee will perform its functions will expire as soon as it has fulfilled all of its assigned tasks, but no later than 24 months after its members have been officially appointed by FIFA.