CAF Competitions Receive Major Prize-Money Increase
Reports on Tuesday revealed that Confederation of African Football (CAF) competitions are set to receive a major prize-money boost in the New Year, starting with the 2017 Africa Cup of Nations in Gabon.
According to a letter issued by CAF, as revealed by Ghanaian football journalist Saddick Adams, the winners of next year's continental showpiece will receive a sum of $4 million [approx. R53 million] which is a 166% increase.
Next year's CAF Champions League champions will also be richly rewarded with the winner of Africa's premier club competition to receive a cool $2.5 million [approx. R33 million], increased from the $1.5 million bagged by Mamelodi Sundowns.
The CAF Confederation Cup as well as the CAF African Nations Championship (CHAN) have also received major cash injections with all the tournaments set to bear the name of fuel giants TOTAL.