CAF increase prize money for Africa Cup of Nations

The Confederation of African Football (CAF) have announced an increase in prize money for the upcoming Africa Cup of Nations.

This year’s winners of the biennial competition will scoop of massive R131 million.

This equates to a 40 per cent increase from two years ago, while the runners-up earn R75 million, the semi-finalists R47 million each, and the quarterfinalists walk away with a cool R24 million each.

A CAF statement 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. Each of the two semi-finalist will receive USD 2 500 000 and each of the four Quarter-finalist, USD 1 300 000.”

CAF president Patrice Motsepe 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.”