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CAF Increases Competitions’ Prize Money

By Adebayo Williams

The Confederation of African Football, CAF, has announced an increment in the prize money for all its competitions. The body took the decision following a mega-deal with oil and gas company, Total. The deal is said to worth more than $1 billion.

In the new structure, winners of the annual CAF Super Cup match between Champions League and Confederation Cup title-holders will pocket $100,000, a 33.3 percent rise. Winners of the second-tier CAF Confederation Cup with first prize increasing from $660,000 to $1.25 million while CAF Champions League title-holders are going to collect $2.5 million, a $1 million increase. Winners of the biennial Africa Cup of Nations will receive $4 million, up from the $1.5 million pocketed by 2015 champions the Ivory Coast.

CAF has also expanded both the Champions League and Confederations cup group stages from eight to sixteen clubs.

The changes take effect from 2017.

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