Tuesday, August 16, 2022

AFCON: Excitement As CAF Increases Prize Money To $5m

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Any country that wins the upcoming African Cup of Nations will go home with a staggering $5 million (about N2.8 billion).

The the winners’ prize money was increased by the Confederation of African Football from 4.5 million dollars, representing an increase of about 11 percent.

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The decision was taken on Friday in Douala, Cameroon during the meeting of the Executive Committee of the Confederation of African Football.

The prize money increase is beginning with the 2021 AFCON which gets underway on Sunday in Yaounde.

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The competition’s runners-up will get 2.75 million dollars in prize money, up from 2.5 million dollars and an increase of 10 percent.

DR Congo fans celebrates during the 2017 Africa Cup of Nations Finals match between DR Congo and Morocco at the Oyem Stadium in Gabon

The prize monies for the semi-finalists and the quarter-finalists were also increased, with the total sum of the increase on all prize monies being 1.85 million dollars.

CAF, in a statement, said the increase was in line with its commitment to rewarding merit performance and enhancing the status of the competition, which is now in its 33rd edition.

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The new AFCON prize money structure is as follows:
Winners: 5 million dollars (an increase of 500,000 dollars)
Runners-up: 2.75 million dollars (an increase of 250,000 dollars)
Semi-Finalists: 2.2 million dollars (an increase of 200,000 dollars)
Quarter-Finalists: 1.175 million dollars (an increase of 175,000 dollars)

Photo Credit: Getty 

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