The President of the Confederation of African Football (CAF), Patrice Motsepe, has announced a significant increase in prize money for winners of Africa’s top club competitions — the CAF Champions League and the CAF Confederation Cup.
Under the revised financial structure, the winner of the CAF Champions League will now receive $6 million, representing a 50 percent increase from the previous $4 million prize.
The winner of the CAF Confederation Cup will earn $4 million, which is double the previous reward of $2 million.
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CAF explained that the increase is part of wider reforms aimed at strengthening club football across the continent and improving the financial stability of participating teams.
Since Motsepe assumed office as CAF president in 2021, prize money in African inter-club competitions has grown significantly.
The reward for the CAF Champions League has increased from $2.5 million to $6 million, while the prize for the CAF Confederation Cup has risen from $1.25 million to $4 million during the same period.
The latest adjustment means CAF will now distribute more than $42 million annually in prize money and solidarity payments to clubs taking part in its continental competitions, compared with about $18.8 million in 2021.
CAF also noted that clubs eliminated in the early rounds of the competitions will continue to receive financial support to help cover travel and participation costs associated with playing across the continent.
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Motsepe said the decision reflects CAF’s commitment to improving the competitiveness, financial strength and global appeal of African club football through better incentives for teams competing in continental tournaments.
Image Credit: LIB
Source: LIB
