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Site Navigation: Home » Sports » Soccer

SoccerSports

CAF Boosts Prize Money for Champions League and Confederation Cup

Last updated: August 20, 2024 2:43 pm
Rethabile Nyelele
2 Min Read
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CAF Boosts Prize Money for Champions League and Confederation Cup
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In a significant move aimed at bolstering African football, the Confederation of African Football (CAF) has confirmed a substantial increase in prize money for both the Champions League and the Confederation Cup. This announcement comes as part of the confederation’s ongoing efforts to promote growth, attract more talent, and raise the level of competition across the continent.

CAF Prize Money Breakdown

Here’s a look at the updated prize money for both tournaments:

CAF Champions League

  • Winner: USD 4,000,000 (R71 million) (a 40% increase from the previous season)
  • Runner-up: USD 2,000,000 (R36 million)
  • Semi-finalists: USD 1,500,000 (each) (R27 million)
  • Quarter-finalists: USD 1,100,000 (each) (R20 million)
  • 3rd in Group Stage: USD 800,000 (each) (R14 million)
  • 4th in Group Stage: USD 800,000 (each) (R14 million)
  • Preliminary Round: USD 50,000 (per club) (R890,000)  

CAF Confederation Cup

  • Winner: USD 2,000,000 (R36 million)
  • Runner-up: USD 1,000,000 (R18 million) 
  • Semi-finalists: USD 750,000 (each) (R13 million) 
  • Quarter-finalists: USD 550,000 (each) (R10 million)
  • 3rd in Group Stage: USD 400,000 (each) (R7 million)
  • 4th in Group Stage: USD 400,000 (each) (R7 million)
  • Preliminary Round: USD 50,000 (per club) (R890,000)

A New Era for African Club Football

As the confederation continues to secure partnerships and increase investments, the raised prize money signals a new era for African club football. This move not only rewards the continent’s top clubs but also elevates African competitions, providing the financial muscle needed to develop talent and infrastructure. Moreover, this increase could attract more global attention and sponsorships, enhancing African football’s visibility on the international scene.

With this financial boost, CAF’s Champions League and Confederation Cup are now in a stronger position to grow and develop into world-class competitions that showcase the very best of African football. The increased prize money for both the Champions League and Confederation Cup is a clear indication of CAF’s commitment to advancing African football.

Related article: Can Pirates Bounce Back Following Disappointing Draw in the CAFCL?

TAGGED:African footballCAFCaf Champions LeagueCAF ConfederationSoccer
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