CAF Increases Prize Money Of Continental Competitions

CAF Increases Prize Money Of Continental Competitions

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Confederation of African Football
Confederation of African Football

The Confederation of African Football has announced Wednesday an increase in prize money for all of its inter-regional competitions.

The winner of the African Cup of Nations to be hosted in Gabon will pick a $4 million prize money, which is a 64% increase from a previous $1.5 million. The runners-up will also take home $2 million.

This increase comes four months after CAF signed an agreement with new sponsor, French petroleum group Total. The oil giant signed an eight-year contract for an estimated amount of a little over one billion dollars (EUR 915 million).

The CAF Champions League which previously gives a $1.5 million prize money, now awards $2.5 million while the CAF Confederations Cup saw an increase of almost 90% with the winners taking a total of $1.25 million against the previous $660,000.

Also, the winner of the CAF Total Chan tournament will take home $1.25 million as against the previous $750,000.

Packaged by Olanrewaju Agiri

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