Stephen Dunmoye
The Confederation of African Football (CAF) has announced a 40% increase in the prize money for the winner of the 2023 Africa Cup of Nations in Côte d’Ivoire.
This announcement was made on the CAF’s website, cafonline.com on Thursday.
The statement read in part, “this year’s tournament will now receive $7 million from the initial $5 million.”
The runner-up will get $4 million instead of $2.7 million and each of the two semi-finalist will receive $2.5 million.
For the quarter-finalists, each of the four teams will get $1.3 million.
According to CAF president, Patrice Motsepe, “the football body 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.”
Meanwhile, this year’s AFCON will start on January 13 till February 11.