CAF increases AFCON champions prize money

CAF increases AFCON champions prize money

Champions of the 2021 Africa Cup of Nations (AFCON) will return home with a prize money of $5 million, about N2.8 billion.

The winners’ prize was increased from $4.5 million.

It takes effect from the 2021 AFCON which begins in Cameroon on Sunday.

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

The competition’s runners-up will get $2.75 million, up from $2.5 million.

The prize monies for the semi-finalists and the quarter-finalists were also increased.

In all, CAF will spend additional $1.85 million in prize money.

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

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)

Source: Sports – P.M. News

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