CAF increases AFCON prize money by 40%, winner to pocket N6.2bn

The Confederation of African Football (CAF) has announced a 40 per cent increment in the prize money for the winner of the Africa Cup of Nations (AFCON) tagged, “Côte d’Ivoire 2023.”

CAF President Patrice Motsepe, while making this disclosure, stated that the increase in prize money was to enable the development of football among members of the association.

Persecond News reports that the winner of the AFCON Côte d’Ivoire 2023 will receive $7 million.

The runner-up of the will get $4 million, each of the two semi-finalists will receive USD $2.5 million and each of the four quarter-finalists, $1.3 million.

He said: “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.”