CAF president Patrice Motsepe has confirmed a big increase in the prize money for the next AFCON.
CAF president Patrice Motsepe has confirmed a whopping prize money increase for the Africa Cup of Nations.
The chief of Africa’s football governing body has announced that the prize money for the upcoming AFCON has shot up by 40% ahead of the start of the tournament on 13 January.
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The winner will now receive a mouthwatering $7 million( R128 million).
A statement by CAF read: “The Confederation Africaine de Football (‘CAF’) today announced a 40% increase in the prize money for the winner of the TotalEnergies Africa Cup of Nations (‘AFCON’) Cote d’Ivoire 2023.
“The winner of the TotalEnergies AFCON Cote d’Ivoire 2023 will receive USD 7 000 000.
“The runner-up of the TotalEnergies AFCON Cote d’Ivoire 2023 will now get USD 4 000 000 (R75 million).
“Each of the two semi-finalists will receive USD 2 500 000 (R46 million), and each of the four quarter-finalists, USD 1 300 000 (R23 million).”
Motsepe himself added: “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 winner to USD 7 000 000, which is a 40% 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.”
Read: Tau set for major ‘decision’ after AFCON
This announcement comes a week after CAF renewed its longstanding partnership with the telecommunications corporation Orange. Their relationship dates back to 2008 and has now been extended to 2025.
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