<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Hervé Dassoundo]]></title><description><![CDATA[Créer. Structurer. Valoriser.impacter. Transformer la valeur africaine en richesse durable.]]></description><link>https://www.hervedassoundo.com</link><image><url>https://substackcdn.com/image/fetch/$s_!sq3S!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14007fb9-6c8f-4350-b4ad-dbd17aa56927_852x854.png</url><title>Hervé Dassoundo</title><link>https://www.hervedassoundo.com</link></image><generator>Substack</generator><lastBuildDate>Wed, 10 Jun 2026 05:06:03 GMT</lastBuildDate><atom:link href="https://www.hervedassoundo.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Hervé Dassoundo]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[hervedassoundo@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[hervedassoundo@substack.com]]></itunes:email><itunes:name><![CDATA[Hervé Dassoundo]]></itunes:name></itunes:owner><itunes:author><![CDATA[Hervé Dassoundo]]></itunes:author><googleplay:owner><![CDATA[hervedassoundo@substack.com]]></googleplay:owner><googleplay:email><![CDATA[hervedassoundo@substack.com]]></googleplay:email><googleplay:author><![CDATA[Hervé Dassoundo]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Sport, culture, tourisme en Afrique: les fusions & acquisitions comme leviers d'acceleration de croissance. ]]></title><description><![CDATA[Pour qu'elle cesse (enfin) de financer la croissance de tout le monde sauf la sienne.]]></description><link>https://www.hervedassoundo.com/p/sport-culture-tourisme-en-afrique</link><guid isPermaLink="false">https://www.hervedassoundo.com/p/sport-culture-tourisme-en-afrique</guid><dc:creator><![CDATA[Hervé Dassoundo]]></dc:creator><pubDate>Sun, 31 May 2026 19:39:34 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!mkCN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7929a938-63b8-4bde-a2f5-bf5b9b10b5e7_5924x3949.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!mkCN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7929a938-63b8-4bde-a2f5-bf5b9b10b5e7_5924x3949.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!mkCN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7929a938-63b8-4bde-a2f5-bf5b9b10b5e7_5924x3949.jpeg 424w, 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srcset="https://substackcdn.com/image/fetch/$s_!mkCN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7929a938-63b8-4bde-a2f5-bf5b9b10b5e7_5924x3949.jpeg 424w, https://substackcdn.com/image/fetch/$s_!mkCN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7929a938-63b8-4bde-a2f5-bf5b9b10b5e7_5924x3949.jpeg 848w, https://substackcdn.com/image/fetch/$s_!mkCN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7929a938-63b8-4bde-a2f5-bf5b9b10b5e7_5924x3949.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!mkCN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7929a938-63b8-4bde-a2f5-bf5b9b10b5e7_5924x3949.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Picture by Tobias Reich</figcaption></figure></div><p></p><h2>Trois chiffres pour commencer</h2><p><strong>71 %</strong> des chambres d&#8217;h&#244;tel du pipeline africain sont aujourd&#8217;hui rattach&#233;es &#224; cinq groupes mondiaux non-africains (Marriott, Hilton, Accor, Radisson, IHG), selon le rapport 2026 du <em>African Hotel Chain Development Pipeline</em>.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.hervedassoundo.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p><strong>2,2 milliards de dollars.</strong> C&#8217;est le montant pay&#233; en septembre 2025 par le groupe fran&#231;ais Canal+ pour racheter MultiChoice, propri&#233;taire de DStv et SuperSport, et avec lui, le contr&#244;le des principaux droits de diffusion sportive du continent.</p><p><strong>0,38 %.</strong> C&#8217;est la part de l&#8217;Afrique subsaharienne dans le march&#233; mondial de la musique enregistr&#233;e en 2025, selon le <em>Global Music Report 2026</em> de l&#8217;IFPI : 120 millions de dollars sur un total mondial de 31,7 milliards. Pour un continent de 1,4 milliard d&#8217;habitants, dont les artistes comme Burna Boy, Tyla, Rema, Black Coffee, Davido ou Aya Nakamura sont devenus des marques globales &#233;cout&#233;es partout dans le monde.</p><p>Ces trois chiffres racontent la m&#234;me histoire, dans trois secteurs diff&#233;rents. L&#8217;Afrique consomme. L&#8217;Afrique produit. L&#8217;Afrique anime. Mais l&#8217;Afrique ne capte qu&#8217;une fraction de la valeur qu&#8217;elle g&#233;n&#232;re.</p><h2>Lisons ces chiffres correctement</h2><p>Elles ne disent pas que Marriott, Canal+ ou Spotify ont fait quelque chose de mal. Ces groupes ont construit, sur des d&#233;cennies, des plateformes mondiales, des marques fortes, des syst&#232;mes de loyaut&#233;, des infrastructures techniques et des capitaux patients. Ils investissent en Afrique. Ils cr&#233;ent de l&#8217;emploi. Ils &#233;l&#232;vent les standards de qualit&#233;. Le d&#233;veloppement de l&#8217;h&#244;tellerie ouest-africaine, par exemple, doit &#233;norm&#233;ment &#224; ces groupes : sans eux, beaucoup de villes africaines n&#8217;auraient pas l&#8217;offre h&#244;teli&#232;re de standard international qu&#8217;elles ont aujourd&#8217;hui.</p><p>Ces chiffres prouvent que  <strong>dans nos trois secteurs prioritaires, ce sont les op&#233;rateurs internationaux qui d&#233;tiennent les plateformes par lesquelles transite la valeur</strong>. Pas par malveillance. Par capacit&#233;. Parce qu&#8217;ils ont, depuis longtemps, jou&#233; le jeu de la consolidation, des rachats successifs, et de la construction de groupes int&#233;gr&#233;s. Pendant que nous gardions, nous, le r&#233;flexe de la PME ind&#233;pendante, du label personnel, du tour-op&#233;rateur familial.</p><p>La question est de savoir si nous, Africains, allons construire &#224; notre tour des plateformes de cette taille. Et l&#8217;instrument qu&#8217;ils ont utilis&#233; pour y arriver, l&#8217;instrument le plus rapide et le plus &#233;prouv&#233; du monde, porte un nom : <strong>les fusions et acquisitions</strong>.</p><p>C&#8217;est l&#8217;objet de cet article.</p><h2>La conscience existe, mais elle reste timide</h2><p>L&#8217;Afrique a pris conscience que le sport, la culture et le tourisme sont de v&#233;ritables industries. Mais notre prise de conscience reste timide, h&#233;sitante pendant que le reste du monde a d&#233;j&#224; tranch&#233; et investit massivement.</p><p>En 2024, le monde a battu un record : 410 op&#233;rations de rachats et de fusions dans le sport, soit 44 % de plus que l&#8217;ann&#233;e pr&#233;c&#233;dente. </p><p>En 2025, la dynamique a continu&#233; : 19 % de hausse suppl&#233;mentaire. C&#244;t&#233; h&#244;tellerie et tourisme, les transactions ont bondi de 83 % en valeur sur la seconde moiti&#233; de 2025. Blackstone a rachet&#233; Hamilton Island pour 1,2 milliard de dollars. MCR Hotel a rachet&#233; Soho House pour 2,7 milliards.</p><p>L&#8217;Afrique, dans tous ces rapports, reste une note de bas de page. 1,4 milliard d&#8217;habitants, le continent le plus jeune du monde, la population la plus passionn&#233;e de football, le patrimoine culturel le plus riche de la plan&#232;te. Et nous restons un paragraphe sur des &#171; march&#233;s de niche pour fonds &#224; impact &#187;.</p><p>Ce n&#8217;est pas une fatalit&#233; mais plut&#244;t une opportunit&#233; strat&#233;gique. Et les fusions &amp; acquisitions, faites s&#233;rieusement, structur&#233;es localement et bien pilot&#233;es , peuvent le combler plus vite que n&#8217;importe quel autre outil &#224; notre disposition.</p><p><strong>Une pr&#233;cision avant d&#8217;aller plus loin.</strong> Une fusion-acquisition, c&#8217;est simplement quand une entreprise en rach&#232;te une autre, ou quand deux entreprises se regroupent pour n&#8217;en former qu&#8217;une. Rien de magique. C&#8217;est l&#8217;un des moyens les plus rapides pour grandir, attirer des capitaux, et atteindre la taille qui permet de peser.</p><p>L&#8217;argument tient en trois leviers : la M&amp;A pour <strong>faire entrer du capital</strong> ; la M&amp;A pour <strong>regrouper ce qui est dispers&#233;</strong> ; la M&amp;A pour <strong>b&#226;tir des champions panafricains</strong>. Et un pr&#233;alable que personne n&#8217;ose nommer, sur lequel je reviens &#224; la fin.</p><h2>Premier levier : faire entrer du capital</h2><p>Nos secteurs ne manquent pas de demande mais  d&#8217;argent structur&#233;.</p><p>La Banque mondiale pr&#233;voit que le tourisme subsaharien apportera 168 milliards de dollars et 18 millions d&#8217;emplois d&#8217;ici 2033. Les industries cr&#233;atives, selon l&#8217;UNESCO, emploient d&#233;j&#224; plus de jeunes Africains que les mines. Le football africain produit des audiences que le Real Madrid envierait.</p><p>Et pourtant, quand un exploitant de stade au Ghana, un festival au S&#233;n&#233;gal ou un voyagiste au Kenya a besoin de financer sa croissance, ses options se limitent &#224; trois : 1- se d&#233;brouiller seul, 2- supplier un bailleur de fonds, 3-  vendre &#224; perte &#224; un acheteur &#233;tranger.</p><p>La M&amp;A, bien comprise, n&#8217;est pas l&#8217;ennemie de la propri&#233;t&#233; africaine. C&#8217;est le m&#233;canisme qui fait circuler l&#8217;argent, l&#8217;expertise et la taille, rapidement. La vraie question n&#8217;a jamais &#233;t&#233; <em>si</em> la M&amp;A allait arriver dans nos secteurs. C&#8217;est <em>qui</em> va piloter les op&#233;rations, <em>qui</em> va capter la valeur, et <em>qui</em> va contr&#244;ler les plateformes apr&#232;s.</p><p>Un exemple parlant : en juillet 2025, la SFI (Banque mondiale) et Proparco (filiale de l&#8217;AFD) ont mis 50 millions de dollars dans Helios Sports and Entertainment, un v&#233;hicule d&#8217;investissement d&#233;di&#233; au sport et au divertissement en Afrique. En une seule op&#233;ration, ils ont fait ce qu&#8217;aucun rapport politique n&#8217;avait r&#233;ussi : ils ont prouv&#233; qu&#8217;une plateforme sportive africaine valait quelque chose, et signal&#233; au monde entier que le secteur est s&#233;rieux. Une op&#233;ration a fait bouger le march&#233; plus qu&#8217;une d&#233;cennie de conf&#233;rences.</p><p>Autre exemple : le fonds Kasada, soutenu par des garanties de la Banque mondiale, a livr&#233; 2 900 chambres d&#8217;h&#244;tel dans sept pays africains en trois ans (Cameroun, S&#233;n&#233;gal, C&#244;te d&#8217;Ivoire, Kenya, Namibie, Nigeria, Rwanda). 225 millions de dollars de garanties ont d&#233;bloqu&#233; 450 millions d&#8217;investissements &#233;trangers et cr&#233;&#233; environ 1 860 emplois. Sans cette logique de regroupement et de rachats successifs, ces h&#244;tels n&#8217;existent simplement pas.</p><p>La le&#231;on est simple : L&#8217;argent ne va jamais vers des march&#233;s petits, &#233;clat&#233;s et informels, peu importe l&#8217;attractivit&#233; de la demande. L&#8217;argent va vers des plateformes et des syst&#232;mes structur&#233;s.</p><h2>Deuxi&#232;me levier : regrouper ce qui est dispers&#233;</h2><p>Entrez dans n&#8217;importe quelle capitale africaine et comptez les entreprises trop petites pour peser. Des voyagistes avec cinq v&#233;hicules. Des concessionnaires de stade g&#233;rant une seule enceinte. Des labels de musique qui signent un artiste &#224; la fois. Des organisateurs de festivals qui courent apr&#232;s les sponsors chaque ann&#233;e. Des h&#244;tels-boutiques de douze chambres.</p><p>Chacun est un acte d&#8217;h&#233;ro&#239;sme entrepreneurial ; en revanche cet &#233;clatement n&#8217;est pas un trait culturel pittoresque, c&#8217;est la raison pour laquelle nos secteurs ne peuvent pas n&#233;gocier avec les grands acteurs mondiaux, attirer des capitaux s&#233;rieux, ou construire les outils qui transforment le chiffre d&#8217;affaires en b&#233;n&#233;fices : Un h&#244;tel de 50 chambres pourrait avoir du mal &#224;  s&#8217;offrir un logiciel sophistiqu&#233; de gestion des prix. Un promoteur d&#8217;un seul &#233;v&#233;nement ne peut pas n&#233;gocier avec Netflix. Une f&#233;d&#233;ration nationale qui n&#233;gocie ses droits TV seule obtient une fraction de ce qu&#8217;un bloc r&#233;gional obtiendrait.</p><p>C&#8217;est exactement le probl&#232;me qu&#8217;avait le sport jeunesse aux &#201;tats-Unis jusqu&#8217;en 2025, jusqu&#8217;&#224; ce que les investisseurs &#171; d&#233;couvrent &#187; ce secteur et d&#233;clenchent ce que la presse a appel&#233; <strong>le th&#232;me M&amp;A de l&#8217;ann&#233;e</strong>. Logiciels, &#233;v&#233;nements, m&#233;dias, infrastructures : tout a &#233;t&#233; regroup&#233; en plateformes int&#233;gr&#233;es. Les valorisations ont explos&#233;. Un secteur &#171; fragment&#233;, passionn&#233; &#187; est devenu investissable presque du jour au lendemain.</p><p>Les parall&#232;les avec l&#8217;Afrique sont g&#234;nants et &#233;vidents. Acad&#233;mies de football, festivals culturels, voyagistes boutiques, agences de talents, production d&#8217;&#233;v&#233;nements, restauration en stade, m&#233;dias sportifs : tous attendent une logique de regroupement qui respecte la propri&#233;t&#233; africaine tout en apportant la discipline op&#233;rationnelle.</p><p>Le regroupement par M&amp;A ferait trois choses en m&#234;me temps. D&#8217;abord, il cr&#233;erait des <strong>&#233;conomies d&#8217;&#233;chelle</strong> : les syst&#232;mes partag&#233;s, les achats group&#233;s, la technologie mutualis&#233;e qui transforment des marges de 8 % en marges de 22 %. Ensuite, il cr&#233;erait un <strong>pouvoir de n&#233;gociation</strong> face aux diffuseurs, sponsors et plateformes mondiales qui aujourd&#8217;hui pompent la valeur de notre &#233;clatement. Enfin, il cr&#233;erait des <strong>actifs assez grands</strong> pour que les fonds de pension et les fonds souverains puissent y investir s&#233;rieusement.</p><p>En octobre 2025, Afrika Invest, un voyagiste centr&#233; sur l&#8217;Afrique subsaharienne, a &#233;t&#233; rachet&#233; par le fonds europ&#233;en Egeria. Ce n&#8217;est pas une anomalie. C&#8217;est la premi&#232;re vague. La question est de savoir si la deuxi&#232;me vague sera africaine ou &#233;trang&#232;re. L&#8217;instrument est le m&#234;me. La seule variable, c&#8217;est le passeport de l&#8217;acheteur.</p><h2>Troisi&#232;me levier : b&#226;tir des champions panafricains</h2><p>L&#8217;id&#233;e la plus dommageable de la politique &#233;conomique africaine, c&#8217;est que nos march&#233;s seraient trop petits pour des champions de classe mondiale. Faux. Ils sont trop <strong>&#233;clat&#233;s</strong>, et c&#8217;est un probl&#232;me compl&#232;tement diff&#233;rent, avec une solution compl&#232;tement diff&#233;rente.</p><p>Le Nigeria, c&#8217;est 220 millions d&#8217;habitants. L&#8217;&#201;gypte, 110 millions. L&#8217;&#201;thiopie, 130 millions. La CEDEAO d&#233;passe la population de l&#8217;Union europ&#233;enne. L&#8217;Afrique de l&#8217;Est, 300 millions de consommateurs qui grandissent de 5 % par an. La Zone de libre-&#233;change continentale, en th&#233;orie, c&#8217;est 1,4 milliard.</p><p>Ce qui nous manque, ce n&#8217;est pas la taille du march&#233; mais des <strong>entreprises construites pour op&#233;rer dans plusieurs pays africains &#224; la fois</strong>.</p><p>C&#8217;est exactement ce que la M&amp;A permet de faire. Des rachats crois&#233;s <em>&#224; l&#8217;int&#233;rieur</em> de l&#8217;Afrique : un groupe m&#233;dia nig&#233;rian rachetant une maison de production k&#233;nyane, un groupe h&#244;telier marocain entrant dans l&#8217;h&#244;tellerie s&#233;n&#233;galaise, un promoteur ivoirien prenant le contr&#244;le d&#8217;une plateforme de festivals sud-africaine. Aucune strat&#233;gie de croissance organique ne fait &#231;a &#224; la m&#234;me vitesse.</p><p>La tech africaine l&#8217;a d&#233;j&#224; prouv&#233; : 66 acquisitions en 2025, en hausse de 69 %. Stitch a rachet&#233; ExiPay. Moove a rachet&#233; Kovi. Les op&#233;rations se font, elles ne se font simplement pas dans le sport, la culture et le tourisme.</p><h2>Et si on  pensait intersectoriel ?</h2><p>Jusqu&#8217;ici, on a parl&#233; de regroupements &#224; l&#8217;int&#233;rieur d&#8217;un m&#234;me secteur : h&#244;tels avec h&#244;tels, m&#233;dias avec m&#233;dias. Mais la vraie r&#233;volution viendra quand les entreprises africaines commenceront &#224; se rapprocher <strong>entre secteurs</strong>. C&#8217;est l&#224; que se trouvent les cha&#238;nes de valeur les plus puissantes, parce qu&#8217;elles couvrent l&#8217;ensemble de l&#8217;exp&#233;rience du client.</p><p>Voici quatre exemples concrets de fusions intersectorielles qui auraient un impact imm&#233;diat sur le continent.</p><p><strong>Sport + tourisme : la cha&#238;ne &#171; &#233;v&#233;nement-s&#233;jour &#187;.</strong> Imaginons un promoteur &#233;v&#233;nementiel qui rach&#232;te, ou se rapproche d&#8217;une cha&#238;ne h&#244;teli&#232;re r&#233;gionale et d&#8217;un voyagiste. Du jour au lendemain, ce groupe vend non plus des billets de match, mais des <strong>s&#233;jours complets</strong> autour de l&#8217;&#233;v&#233;nement : transport, h&#233;bergement, restauration, visite culturelle, billetterie. C&#8217;est exactement ce que la Formule 1 fait &#224; Abou Dhabi, ce que la NFL fait pour le Super Bowl, ce que le rugby fait pour la Coupe du monde. </p><p><strong>Culture + tourisme : la cha&#238;ne &#171; festival-destination &#187;.</strong> Un grand festival musical africain, regroup&#233; avec une plateforme de r&#233;servation h&#244;teli&#232;re et un op&#233;rateur d&#8217;exp&#233;riences locales, transforme un &#233;v&#233;nement de trois jours en <strong>destination touristique annuelle</strong>. Coachella ne nous vend pas seulement de la musique, il vend la Californie. Tomorrowland ne vend pas un festival, il vend la Belgique. L&#8217;Afrique a d&#233;j&#224; les festivals . Il nous manque des groupes int&#233;gr&#233;s qui transforment chaque &#233;dition en cha&#238;ne de revenus compl&#232;te.</p><p><strong>Sport + m&#233;dia + donn&#233;es : la cha&#238;ne &#171; contenu-audience-sponsor &#187;.</strong> Un club ou une f&#233;d&#233;ration qui se rapproche d&#8217;un producteur de contenu et d&#8217;une soci&#233;t&#233; d&#8217;analyse de donn&#233;es cr&#233;e une <strong>plateforme m&#233;dia propri&#233;taire</strong>. Plus besoin de c&#233;der les droits &#224; un diffuseur &#233;tranger pour une fraction de leur valeur. Plus besoin de vendre des sponsorings &#224; l&#8217;aveugle. Le groupe contr&#244;le son audience, ses donn&#233;es, et n&#233;gocie directement avec les marques. C&#8217;est ce que Real Madrid TV a construit. C&#8217;est ce que la NBA League Pass a construit. Aucun acteur africain ne le fait encore &#224; l&#8217;&#233;chelle continentale.</p><p><strong>Culture + sport + &#233;ducation : la cha&#238;ne &#171; talent-formation-march&#233; &#187;.</strong> Une acad&#233;mie sportive rach&#232;te ou s&#8217;associe &#224; un label musical et &#224; une &#233;cole de production audiovisuelle. Pourquoi ? Parce que les jeunes Africains de 15 &#224; 25 ans sont d&#233;j&#224;, dans les faits, des consommateurs hybrides : ils &#233;coutent de la musique pendant qu&#8217;ils s&#8217;entra&#238;nent, ils suivent leur joueur pr&#233;f&#233;r&#233; sur TikTok, ils consomment du contenu sportif comme du contenu culturel. Le groupe qui d&#233;tient les talents <em>et</em> les outils de production <em>et</em> la distribution capte une valeur que personne ne capte aujourd&#8217;hui. C&#8217;est le mod&#232;le que Roc Nation, fond&#233; par Jay-Z, applique depuis dix ans aux &#201;tats-Unis : une seule maison pour la musique, le sport et le contenu.</p><h2>Ce qui doit changer</h2><p><strong>Pr&#233;alable : les entrepreneurs africains doivent rester unis et briser les barri&#232;res inutiles.</strong> C&#8217;est la condition z&#233;ro. Aucune des &#233;tapes qui suivent n&#8217;arrive si nous continuons &#224; nous regarder en concurrents l&#224; o&#249; nous devrions nous regarder en partenaires. Trop de chefs d&#8217;entreprise africains voient leur voisin de march&#233; comme un rival &#224; neutraliser, jamais comme un compl&#233;ment &#224; rapprocher. Cette m&#233;fiance co&#251;te plus cher &#224; l&#8217;Afrique que tous les obstacles r&#233;glementaires r&#233;unis.</p><p>La M&amp;A n&#8217;est pas qu&#8217;une op&#233;ration financi&#232;re. C&#8217;est d&#8217;abord une op&#233;ration humaine : deux fondateurs qui acceptent de s&#8217;asseoir &#224; la m&#234;me table, de poser leurs egos, et de regarder ce que leurs deux entreprises font mieux <em>ensemble</em> que s&#233;par&#233;ment. Un h&#244;telier ivoirien et un h&#244;telier s&#233;n&#233;galais ne sont pas en concurrence, leurs march&#233;s sont distincts, leurs forces sont compl&#233;mentaires, et leur union cr&#233;erait une cha&#238;ne ouest-africaine que ni l&#8217;un ni l&#8217;autre ne peut b&#226;tir seul. Un promoteur d&#8217;&#233;v&#233;nements &#224; Lagos et un promoteur &#224; Nairobi ne se prennent rien : ils peuvent partager des sponsors continentaux que ni l&#8217;un ni l&#8217;autre n&#8217;attire seul.</p><p>Il faut donc faire trois choses, dans l&#8217;ordre, avant tout le reste : <strong>identifier nos compl&#233;mentarit&#233;s</strong> (qui apporte quoi que l&#8217;autre n&#8217;a pas), <strong>arr&#234;ter de voir des fronti&#232;res l&#224; o&#249; il n&#8217;y a que des march&#233;s voisins</strong>  et <strong>construire la confiance</strong> par des collaborations l&#233;g&#232;res avant les rapprochements lourds. Co-produire un &#233;v&#233;nement ensemble avant de fusionner. Partager un sponsor avant de partager un capital. Les rachats ne r&#233;ussissent jamais entre des gens qui ne se font pas confiance, et la confiance ne tombe pas du ciel, elle se construit par des petits engagements tenus.</p><p>Tant que ce pr&#233;alable n&#8217;est pas pos&#233;, le reste n&#8217;est que th&#233;orie.</p><p><strong>Premi&#232;rement, l&#8217;argent africain doit bouger.</strong> Les bailleurs (SFI, Proparco, MIGA, AFD) font du bon travail, mais ils ne suffiront pas. Il faut que les fonds de pension africains, les fonds souverains, les grandes familles et les grandes entreprises se mettent &#224; investir dans des op&#233;rations sport-culture-tourisme. L&#8217;argent existe. Il dort dans des bons du Tr&#233;sor.</p><p><strong>Deuxi&#232;mement, les conseillers doivent suivre.</strong> les cabinets et agence de consulting doivent travailler sur des dossiers africains. Avocats, banquiers d&#8217;affaires, auditeurs, int&#233;grateurs : cet &#233;cosyst&#232;me existe &#224; Lagos, Nairobi, Casablanca, Le Caire, Abidjan, Johannesburg. Il n&#8217;a juste pas encore bascul&#233; vers ces secteurs.</p><p><strong>Troisi&#232;mement, les fondateurs doivent se pr&#233;parer.</strong> La plupart des entrepreneurs africains du sport, de la culture et du tourisme n&#8217;ont pas de comptes audit&#233;s, ni de gouvernance solide, ni les documents qu&#8217;un acheteur s&#233;rieux va exiger. &#199;a se r&#232;gle en 12 &#224; 24 mois si on s&#8217;y met. &#199;a ne se r&#232;gle pas en 24 heures quand un vrai acheteur frappe &#224; la porte. Le travail commence maintenant.</p><h2>La fen&#234;tre</h2><p>Le march&#233; mondial des M&amp;A entre dans 2026 avec des capitaux disciplin&#233;s qui cherchent des actifs de qualit&#233; dans des secteurs r&#233;silients et d&#233;mographiquement porteurs. L&#8217;Afrique est l&#8217;une des th&#232;ses long terme les plus attractives qui existent, et elle reste largement ignor&#233;e.</p><p>C&#8217;est notre fen&#234;tre. Les 36 prochains mois diront si l&#8217;Afrique b&#226;tit ses propres champions panafricains dans le sport, la culture et le tourisme, ou si elle regarde les autres les construire, puis nous les revendre.</p><p>La M&amp;A n&#8217;est pas le seul outil. Mais c&#8217;est <strong>le plus rapide</strong>. Et le compteur tourne d&#233;j&#224;.</p><h2>Sources</h2><p><strong>Poids des grands groupes mondiaux dans nos secteurs</strong></p><ul><li><p>W Hospitality Group / Africa Hospitality Investment Forum, <em>African Hotel Chain Development Pipeline 2026</em> : les 5 grands groupes mondiaux (Marriott, Hilton, Accor, Radisson, IHG) concentrent 66 % des h&#244;tels et 71 % des chambres du pipeline africain.</p></li><li><p>AltexSoft, <em>Top Hotel Groups, Chains, and Brands 2025-2026</em> : donn&#233;es revenus 2025 d&#8217;Accor (~5,6 Mds &#8364;) et Marriott (~25 Mds $). <a href="https://www.altexsoft.com/blog/hotel-groups-chains-brands/">altexsoft.com</a></p></li><li><p>Financial Mail (Business Day), <em>Sport&#8217;s other set of rapidly changing rules</em> (f&#233;vrier 2026) : rachat de MultiChoice par Canal+ pour 2,2 Mds $. <a href="https://www.financialmail.businessday.co.za/features/2026-02-12-sports-other-set-of-rapidly-changing-rules/">financialmail.businessday.co.za</a></p></li><li><p>AllAfrica / CAF, <em>Canal+ &amp; Supersport Bring CAF TotalEnergies AFCON Morocco 2025 in Style</em> (novembre 2025) : couverture de la CAN par Canal+ et SuperSport.</p></li><li><p>IFPI, <em>Global Music Report 2026</em> (publi&#233; le 18 mars 2026) : march&#233; mondial de la musique enregistr&#233;e &#224; 31,7 Mds $ en 2025 ; Afrique subsaharienne &#224; 120 M$ (soit ~0,38 % du march&#233; mondial) ; +15,2 % de croissance YoY pour l&#8217;Afrique subsaharienne, Afrique du Sud repr&#233;sentant 78,1 % du march&#233; r&#233;gional. <a href="https://www.ifpi.org/global-music-report-2026-global-recorded-music-revenues-grow-6-4-as-record-companies-drive-innovation/">ifpi.org</a></p></li><li><p>Music In Africa, <em>Sub-Saharan Africa music revenues rise 15% to $120M &#8211; IFPI</em> (mars 2026) : reprise et analyse r&#233;gionale du rapport IFPI. <a href="https://www.musicinafrica.net/magazine/sub-saharan-africa-music-revenues-rise-15-120m-ifpi">musicinafrica.net</a></p></li></ul><p><strong>Donn&#233;es globales sur la M&amp;A dans le sport</strong></p><ul><li><p>Oaklins, <em>Breaking records in sports</em> (mars 2025) : 410 transactions sportives en 2024, +44 % vs 2023. <a href="https://www.oaklins.com/news/en-NL/247610-breaking-records-in-sports/">oaklins.com</a></p></li><li><p>Consultancy.eu, <em>Sports M&amp;A continues growth path</em> (f&#233;vrier 2026) : +19 % en 2025 ; 61 % du flux port&#233; par les acqu&#233;reurs strat&#233;giques et le PE. <a href="https://www.consultancy.eu/news/13271/sports-ma-continues-growth-path-driven-by-structural-industry-strengths">consultancy.eu</a></p></li><li><p>Deloitte, <em>2025 Sports Investment Outlook</em> (mars 2025). <a href="https://www.deloitte.com/global/en/Industries/tmt/perspectives/deloitte-outlook-sports-investment.html">deloitte.com</a></p></li><li><p>Sportico, <em>Youth Sports Was 2025&#8217;s Breakout M&amp;A Theme</em> (d&#233;cembre 2025). <a href="https://www.sportico.com/business/finance/2025/youth-sports-breakout-mergers-acquisitions-1234879451/">sportico.com</a></p></li></ul><p><strong>Donn&#233;es sur la M&amp;A dans l&#8217;h&#244;tellerie, le tourisme et les loisirs</strong></p><ul><li><p>KPMG, <em>M&amp;A Trends in Travel, Leisure and Hospitality &#8211; H2 2025</em> (f&#233;vrier 2026) : valeur des transactions +83 % en glissement annuel ; op&#233;rations Blackstone/Hamilton Island, KSL/Tortuga/Playa, MCR/Soho House. <a href="https://kpmg.com/us/en/articles/mergers-acquisitions-trends-travel-leisure-hospitality.html">kpmg.com</a></p></li></ul><p><strong>Afrique : sport, capital et infrastructure</strong></p><ul><li><p>IFC (Banque mondiale) et Proparco (Groupe AFD), <em>Boosting Job Creation in Africa&#8217;s Sports Sector</em> (juillet 2025) : 50 M$ d&#8217;investissement dans Helios Sports and Entertainment. <a href="https://www.ifc.org/en/pressroom/2025/boosting-job-creation-in-africa-s-sports-sector">ifc.org</a></p></li><li><p>MIGA / Banque mondiale, <em>Transforming Hospitality in Africa</em> (avril 2025) : fonds Kasada, 2 900 chambres dans 7 pays africains. <a href="https://www.miga.org/story/transforming-hospitality-africa">miga.org</a></p></li></ul><p><strong>Afrique : tech, M&amp;A et cadre r&#233;glementaire</strong></p><ul><li><p>TechCabal Insights, via MEXC News, <em>60 major M&amp;A deals in Africa&#8217;s tech ecosystem in 2025</em> : 66 acquisitions tech en 2025 (+69 %).</p></li><li><p>Dentons, <em>East African Community Competition Authority to receive M&amp;A notifications effective 1st November 2025</em> (septembre 2025). <a href="https://www.dentons.com/en/insights/articles/2025/september/30/east-african-community-competition-authority">dentons.com</a></p></li><li><p>Consultancy.africa, <em>Mergers &amp; Acquisitions news in Africa</em> : Afrika Invest rachet&#233; par Egeria (octobre 2025). <a href="https://www.consultancy.africa/news/expertise/mergers-acquisitions">consultancy.africa</a></p></li></ul><p><strong>Donn&#233;es macro&#233;conomiques et sectorielles</strong></p><ul><li><p>Banque mondiale / MIGA : projections tourisme subsaharien : 168 Mds $ et 18 millions d&#8217;emplois d&#8217;ici 2033.</p></li><li><p>UNESCO : donn&#233;es sur l&#8217;emploi dans les industries cr&#233;atives africaines.</p></li></ul><p><em>Article r&#233;dig&#233; en mai 2026. Toutes les donn&#233;es sont arr&#234;t&#233;es aux derni&#232;res publications disponibles &#224; cette date.</em></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.hervedassoundo.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Beyond the Scoreboard: 60 Business KPIs That Turn Football Institutions into Investable Assets]]></title><description><![CDATA[From Passion and Politics to Evidence and Capital]]></description><link>https://www.hervedassoundo.com/p/beyond-the-scoreboard-60-business</link><guid isPermaLink="false">https://www.hervedassoundo.com/p/beyond-the-scoreboard-60-business</guid><dc:creator><![CDATA[Hervé Dassoundo]]></dc:creator><pubDate>Sat, 28 Mar 2026 09:47:12 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!AbEV!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!AbEV!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!AbEV!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg 424w, https://substackcdn.com/image/fetch/$s_!AbEV!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg 848w, https://substackcdn.com/image/fetch/$s_!AbEV!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!AbEV!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!AbEV!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg" width="1456" height="1001" 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srcset="https://substackcdn.com/image/fetch/$s_!AbEV!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg 424w, https://substackcdn.com/image/fetch/$s_!AbEV!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg 848w, https://substackcdn.com/image/fetch/$s_!AbEV!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!AbEV!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1e5293ae-1d8b-44ff-816b-bfea54ba609e_5025x3454.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Picture by Joshua Hoehne</figcaption></figure></div><p><strong>Football is the world&#8217;s most popular sport. Yet in many of the markets where it commands its deepest loyalty, it remains one of the least institutionally measurable.</strong></p><p>A situation that systematically depresses media rights valuations, weakens sponsorship pricing power, restricts access to institutional capital, and ultimately prevents football organisations from being perceived as credible, investable entities by the partners capable of transforming them.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.hervedassoundo.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p>The global football economy is neither small nor stagnant,  it is vast, liquid, and expanding.<br>World Cup tournaments reach over 3.5 billion viewers. Global fan estimates range between 3.5 and 5 billion. </p><p>Leading European clubs generate more than &#8364;26 billion in annual revenues. Sovereign wealth funds, development finance institutions, and private equity firms are actively seeking exposure to the asset class. </p><p>Meanwhile, digital platforms are aggressively competing to secure football content rights across every geography.</p><p><strong>The opportunity is not in question. The challenge is proof.</strong></p><p>When  serious partners  engages with a football institution, they  does not rely only on narratives or sentiments. They request structured, auditable evidences: financial discipline, commercial efficiency, fan engagement metrics, digital monetisation performance, and governance integrity.</p><p>In most cases, that evidence is either fragmented, non-standardised, or simply non-existent.</p><p>The consequence is predictable and systemic: valuation discounts, suboptimal partnership terms, shortened deal cycles, and financing that either fails to materialise or arrives at a prohibitive cost of capital.</p><p><strong>Beyond the Scoreboard is a direct response to this structural gap.</strong></p><p>It introduces a rigorous yet practical framework of 60 key performance indicators, spanning 11 critical business and governance domains. Designed for scalability, it enables any football organisation regardless of its current level of maturity  to progressively build the evidence base required by investors, commercial partners, and regulatory stakeholders.</p><p>Each KPI is structured across three operational layers:<br>what it measures and why it matters,<br>when and in which management context it should be applied,<br>and how it can be deployed in practice.</p><p>Governance is not treated as a compliance afterthought. It is positioned as a core value driver. </p><p>Ten of the 60 KPIs are dedicated explicitly to governance: board composition, audit robustness, conflict-of-interest controls, safeguarding systems, sporting integrity, and the timely publication of audited financial statements. </p><p>These are primary due diligence filters for institutional capital.</p><p>An organisation may perform commercially, but without demonstrable governance discipline, it will be systematically classified as high-risk by the most sophisticated and valuable categories of partners.</p><p><strong>In this framework, governance is not an additional layer. It is the foundation.</strong></p><p>Beyond the KPI architecture, the document provides:</p><ul><li><p>a 12-KPI board-level priority dashboard for immediate executive deployment</p></li><li><p>a full 60-indicator diagnostic matrix for institutional assessment</p></li><li><p>a modular 24-month implementation roadmap</p></li><li><p>and an annex of 60 governance scenarios illustrating each KPI in real decision-making contexts</p></li></ul><p>The organisations that will define the next decade of football are not necessarily those with the largest budgets or the most passionate fanbases. They are those capable of understanding, structuring, and evidencing their own value.</p><p>To broadcasters, who require measurable audience performance.<br>To sponsors, who demand demonstrable activation returns.<br>To development finance institutions, which prioritise governance credibility.<br>And to investors, who commit capital only where performance history is both visible and verifiable.</p><p><strong>Beyond the Scoreboard is a transformation tool </strong>designed for boardrooms, for negotiations, for advisory mandates  and for the decisive shift from symbolic value to investable reality.</p><div class="file-embed-wrapper" data-component-name="FileToDOM"><div class="file-embed-container-reader"><div class="file-embed-container-top"><image class="file-embed-thumbnail-default" src="https://substackcdn.com/image/fetch/$s_!0Cy0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%2Fimg%2Fattachment_icon.svg"></image><div class="file-embed-details"><div class="file-embed-details-h1">Beyond The Scoreboard_Framework</div><div class="file-embed-details-h2">1.33MB &#8729; PDF file</div></div><a class="file-embed-button wide" href="https://hervedassoundo.substack.com/api/v1/file/0c830b8b-e289-4546-91d1-0e23fce0e284.pdf"><span class="file-embed-button-text">Download</span></a></div><a class="file-embed-button narrow" href="https://hervedassoundo.substack.com/api/v1/file/0c830b8b-e289-4546-91d1-0e23fce0e284.pdf"><span class="file-embed-button-text">Download</span></a></div></div><p></p><p><strong>About me</strong></p><p>I am a hybrid marketing-finance executive operating at the intersection of professional sport, institutional governance and African economic development. I currently serve as Head of Marketing &amp; Brand Licensing at the Confederation of Africaine de Football (CAF), where I lead continental marketing strategy and brand Management development across 54 nations and have driven a major increase in global marketing and brand value for CAF&#8217;s flagship competitions since 2021.</p><p>With 20 years of strategic and operational experience spanning MTN, the Government of Benin&#8217;s National Events Agency and CAF, I have built a &#8220;three-sector&#8221; profile that combines multinational discipline, state-level governance and continental sports management.</p><p>In parallel, I am  developing the FACIS blended-finance model for African creative and sport industries at HEC Paris (Executive MSc in Finance) and the ABRO framework (Audience&#8211;Brand&#8211;Revenue&#8211;Organisation) and SBGA Index for African football monetisation and governance at the University of Cumbria (Executive MBA). My work positions me as a value architect focused</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.hervedassoundo.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Protect the Brand. Capture the Value. Sports Brand Protection]]></title><description><![CDATA[The Missing Link Between Brand Equity and Revenue in Africa]]></description><link>https://www.hervedassoundo.com/p/protect-the-brand-capture-the-value</link><guid isPermaLink="false">https://www.hervedassoundo.com/p/protect-the-brand-capture-the-value</guid><dc:creator><![CDATA[Hervé Dassoundo]]></dc:creator><pubDate>Tue, 17 Mar 2026 09:21:03 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!sviO!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!sviO!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!sviO!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg 424w, https://substackcdn.com/image/fetch/$s_!sviO!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg 848w, https://substackcdn.com/image/fetch/$s_!sviO!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!sviO!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!sviO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg" width="1456" height="971" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:971,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2774755,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://hervedassoundo.substack.com/i/191227577?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!sviO!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg 424w, https://substackcdn.com/image/fetch/$s_!sviO!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg 848w, https://substackcdn.com/image/fetch/$s_!sviO!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!sviO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d647a41-029f-4152-bd8e-ef2676d8f48f_4500x3000.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><strong>Africa&#8217;s sports industry stands at a crossroads.</strong></p><p>We produce world-class athletes and captivate global audiences ; Yet we capture less than 1% of the world&#8217;s sports sponsorship dollars.</p><p>The gap between our talent and our revenue isn&#8217;t about ability but about protection. While counterfeits drain billions and piracy weakens our ecosystem, the solution is clear: <strong>protect the brand, capture the value.</strong></p><h3><strong>1. Situation: The African Sports Paradox</strong></h3><p>African sport is rising. The passion is undeniable. The audiences are growing. The brand value is increasing across television, streaming platforms, and social media.</p><p>The numbers look great on paper: Africa&#8217;s sports market is worth over <strong>$12 billion</strong> today. By 2035? It&#8217;s projected to hit <strong>$20 billion</strong>.</p><p>We also have the demographics on our side with <strong>60% of Africa&#8217;s population is under 25</strong>, making us the youngest continent on Earth. The growth opportunity is massive.</p><p><strong>But there&#8217;s a paradox.</strong></p><p>The global sports market is valued at <strong>$2.3 trillion</strong> and Africa accounts for <strong>barely 1%</strong> of global sponsorship spending.</p><p>Even worse? Our Sport Economy contributes only <strong>0.5% to our continent&#8217;s GDP</strong>.</p><p>Compare that to mature markets, where sport contributes <strong>2% to GDP</strong>. That&#8217;s four times our current level.</p><p><strong>The math is clear: </strong>If Africa captures just 2% of the global sports economy (up from ~0.5%), our market jumps from $12 billion to nearly <strong>$46 billion</strong>. That&#8217;s double the 2035 projection.</p><h3><strong>2.1. The Revenue Leakage</strong></h3><ul><li><p>Every time a counterfeit jersey is sold...</p></li><li><p>Every time a match is streamed illegally...</p></li><li><p>Every time a brand uses an event without paying... v<strong>alue leaks out of the ecosystem.</strong></p></li></ul><h3><strong>2.2. The Cost : When value leaks, the entire economy weakens</strong></h3><ul><li><p>Globally, the industry loses <strong>$28 billion annually</strong> to live sports piracy.</p></li><li><p>Counterfeit sportswear costs another <strong>&#8364;12 billion per year</strong>.</p></li><li><p>In East Africa alone, we lose over <strong>$500 million annually</strong> in tax revenue to fakes.</p></li></ul><h3><strong>2.3. Brand Protection is a Strategic Investment</strong></h3><p>Too many people see brand protection as a boring legal detail. It&#8217;s not. It is a critical business strategy. When you protect the brand, you protect:</p><ul><li><p>Sponsorship value</p></li><li><p>Broadcasting rights</p></li><li><p>Merchandising revenues</p></li><li><p>Licensing opportunities</p></li><li><p>Fan trust</p></li></ul><h3><strong>3. Solutions: Building the Framework</strong></h3><h3><strong>3.1. Learn from the Leaders</strong></h3><p><strong>Case 1: The Olympics</strong></p><p>The U.S. Olympic &amp; Paralympic Committee (USOPC) takes brand protection seriously. In 2024, they sued Prime Hydration (founded by YouTubers Logan Paul and KSI) for trademark infringement before the Paris Games.</p><ul><li><p>The result? : Aggressive monitoring keeps Olympic brand value intact for legitimate sponsors.</p></li></ul><p><strong>Case 2 : The NBA &amp; Other Major Leagues</strong></p><p>In 2022, the licensing arms of the NBA, NFL, NHL, and MLB won a major counterfeit case in the U.S. Court of Appeals. The verdict protected their collective intellectual property against unauthorized merchandise.</p><ul><li><p>The impact? U.S. professional sports teams&#8217; sponsorship revenue reached <strong>$7.66 billion in 2024</strong> which was a 12% increase from the previous year.</p></li></ul><h3><strong>3.2. Africa&#8217;s Priority List</strong></h3><p>Our sports economy is growing by 5% annually and our youth population will jump by 42% by 2030.</p><p>To capture this value, we need to strengthen five key areas immediately:</p><ol><li><p><strong>Intellectual property protection</strong></p></li><li><p><strong>Anti-counterfeiting systems</strong></p></li><li><p><strong>Digital piracy monitoring</strong></p></li><li><p><strong>Licensing ecosystems</strong></p></li><li><p><strong>Enforcement frameworks</strong></p></li></ol><h3><strong>3.3. The Path Forward</strong></h3><p>The next step for African sport will not only be about producing more talent. It&#8217;s also about capturing more value.</p><p>We can reach that <strong>$46 billion</strong> mark. But only with robust infrastructure to protect brands we build.</p><p><strong>In simple terms: African sport must protect its brands as seriously as it develops its talents.</strong></p><h3><strong>Sources</strong></h3><ol><li><p>Oliver Wyman (2024). &#8220;Africa&#8217;s Sporting Appetite Could Spark Economic Growth.&#8221; Market analysis report.</p></li><li><p>Wikipedia (2026). &#8220;Youth in Africa - Demographics.&#8221; Population statistics data.</p></li><li><p>The Athletic / New York Times (2026). &#8220;Breaking down the $2.3 trillion global sports economy.&#8221; World Economic Forum Davos report.</p></li><li><p>Financial Fortune Media (2025). &#8220;Inside Africa&#8217;s $12bn sports market.&#8221; ASCI Strength in Numbers analysis. CNBC Africa (2024). &#8220;Uncovering Africa&#8217;s untapped sporting potential.&#8221;</p></li><li><p>Marketing Report Africa (2025). &#8220;Sports piracy: The human cost of free content streaming.&#8221;</p></li><li><p>Securikett (2025). &#8220;Alarming figures for counterfeit sporting goods.&#8221; Industry analysis.</p></li><li><p>WIPO (2015). &#8220;Counterfeiting and its impact on Socio-Economic Development in East Africa.&#8221;</p></li><li><p>Brand Protection Cases: a) Crowell &amp; Moring (2024). &#8220;USOPC Ramping Up Trademark Enforcement as Paris Summer Olympics Approach.&#8221; Legal analysis of Prime Hydration and PUMA cases. b) FIFA (2026). &#8220;FIFA World Cup 2026 Intellectual Property Guidelines and Brand Protection Framework.&#8221; c) Yahoo Sports (2022). &#8220;NBA Wins Counterfeit Case Versus Chinese Company.&#8221; U.S. Court of Appeals Seventh Circuit decision. d) SportsPro (2025). &#8220;US sports team sponsorship revenue reaches US$7.66bn in 2024.&#8221; Industry revenue report. e) World Trademark Review (2022). &#8220;Manchester United and Tottenham Hotspur top global trademark league table.&#8221;</p></li><li><p>Grand View Research (2026). &#8220;Licensed Sports Merchandise Market Size &amp; Growth Report 2033.&#8221;</p></li><li><p>Intra-African Trade Fair (2025). &#8220;Africa&#8217;s sports economy growth statistics and youth demographic projections.&#8221;</p></li></ol><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://www.hervedassoundo.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://substack.com/@hervedassoundo/note/p-191227577&quot;,&quot;text&quot;:&quot;Leave a comment&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://substack.com/@hervedassoundo/note/p-191227577"><span>Leave a comment</span></a></p><div class="directMessage button" data-attrs="{&quot;userId&quot;:479310635,&quot;userName&quot;:&quot;Herv&#233; Dassoundo&quot;,&quot;canDm&quot;:null,&quot;dmUpgradeOptions&quot;:null,&quot;isEditorNode&quot;:true}" data-component-name="DirectMessageToDOM"></div>]]></content:encoded></item></channel></rss>