CAF raises AFCON prize money to $7m

By Daily Sports Nigeria on January 5, 2024

Ahead of the 34th edition of the Africa Cup of Nations in Ivory Coast later this month, players and teams have received a welcome boost in prize money from the Confederation of Africa Football, PUNCH Sports Extra reports.

CAF on Thursday announced a 40 per cent increase in the prize money for the winners of the 2023 AFCON.

According to the statement published on the website of the football governing body, the winners of the tournament will receive $7m, $2m more that the reward doled out at the last edition in Cameroon.

The runners-up of the African football showpiece event will now get $4m while each of the two semi-finalists will receive $2.5m, with each of the four quarter-finalists taking home $1.3m.

Two years ago, the 33rd edition of the AFCON — which was moved from 2021 due to COVID-19 pandemic — was contested by 24 teams in Cameroon after CAF allowed eight more teams more than 16 that competed at the previous edition in 2019. The change in the biennial tournament led to a review in prize money.

In 2019, champions Algeria received $4.5m while runners-up Senegal got $2.5m.

During the draw for the 2021 Africa Cup of Nations in Cameroon, CAF decided to further increased the cash prizes with champions Senegal rewarded with $5m, while runners-up Egypt got $2.75m.

Each of the losing semi-finalists were rewarded with $2.2m, with the quarter-finalists receiving $1.8m.

Reacting to the latest increment, CAF president Patrice Motsepe said, “CAF has made significant progress over the past two years in increasing the prize money of the AFCON and all its other major competitions. We have increased the prize money of the AFCON winners to $7m, which is a 40 per cent increase from the previous AFCON prize money.

“I am confident that a portion of the prize money will contribute to developing football and also benefit all the football stakeholders, as well as assist our Member Associations with their administrations.”

The rise in the AFCON prize money sees the continent surpass the prize money paid to South American champions and closes the gap on their Europe counterparts.

Italy, winners of the European Championships in July 2021, received $11m from UEFA, while runners-up England got $7.7m (these don’t include cash awards for winning matches leading up to the final).

The Copa America, the equivalent tournament in South America, gives $6.5m to the champions and $3.5m to the second-best team.

Source Punch Ng

Posted January 5, 2024


 

You may also like...
AC Milan Offer Ibrahimovic Six-Month Deal

Ndidi on Al Shabab radar

Messi Wins Third Straight Golden Shoe

Club Owner Hopp Developing Coronavirus Vaccine

Esperance hold Al Ahly in Alexandria battle

Chelsea put stadium plans on hold after Roman...

 

Latest News CAF awards: Ajibade, Nnadozie, Edo Queens bag nominations Lagos SWAN, PAACC Hold SWAN Day At Golfview Hotels, Ikeja Crisis looms as Eagles’ form raises AFCON, W’Cup concerns Ex-Nigerian Super Falcons player handcuffed, children assaulted as police storm Anambra Football Academy Sports NFF, teammates console Nwabali on father’s death Abia Govt hails Nigeria Olympic Committee over staging an admin course in Umuahia Libya deliver Eagles 2025 AFCON ticket Eagles battle Cheetahs for 2025 AFCON ticket Yellow Greens gear up for T20 W’Cup qualifiers Tyson tips Fury to beat Joshua Sadiq absent as 22 Eagles train in Abidjan Eagles’ striking trio hot for Cheetahs, Amavubi clashes

 

Most Read Rangers International going, going . . . (55,163 views) Amaju Pinnick: A cat with nine lives (46,307 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (44,370 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (44,015 views) Sports Development: Zenith Bank on the zenith (43,948 views) Current issues in Nigerian sports: Matters arising (43,904 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (43,742 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (43,311 views) Olopade, BET9A wave of revolution in NNL (42,366 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (41,054 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (39,506 views) John Mikel Obi: Segun Odegbami’s Outrageous Call! (38,931 views)

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media