CAF boosts AFCON 2024 winner’s prize to $7m

The Confederation of African Football (CAF) has announced a significant boost in the cash prize money for the upcoming 2023 TotalEnergies African Cup of Nations (AFCON), marking a 40% increase.
The details were disclosed on the official website of CAF.

Runner-up and Winner Prizes:
In this latest development, the runner-up of the 2023 AFCON will now be awarded $4 million, while the champion will receive a substantial prize of $7 million.
These adjustments aim to enhance the competitiveness and prestige of the tournament.

Prize Distribution for Semifinalists and Quarterfinalists:
Apart from the top two positions, the CAF has also outlined prize money for the semifinalists and quarterfinalists.
The two semifinalists are set to split a total of $2.5 million, while the four quarterfinalists will share $1.3 million, contributing to the overall excitement and reward for participating teams.

Statement from CAF President:
Dr. Patrice Motsepeon, President of CAF, expressed satisfaction with the progress made in elevating the prize money for AFCON and other major competitions.
He highlighted the increase in the winner’s prize to $7 million, emphasizing its positive impact on football development and assistance to member associations in their administrative endeavors.

Commitment to Progress:
Motsepeon assured, “Over the past two years, CAF has made significant progress in increasing the prize money of the AFCON and all of its other major competitions.”
The president remains confident that these financial incentives will not only contribute to football development but also benefit various stakeholders associated with the sport.

Previous Decision and Upcoming Tournament:
Prior to the 2023 AFCON, the CAF Executive Committee, in a meeting held in Douala, Cameroon, had already decided to raise the prize money for the 2022 edition to $5 million, reflecting an 11% increase.
The upcoming tournament is scheduled to be hosted in Ivory Coast, featuring the Super Eagles coached by Jose Peseiro, who are placed in Group A alongside hosts Ivory Coast, Equatorial Guinea, and Guinea Bissau.

Team’s Aspiration:
As the Super Eagles gear up for the tournament, their rallying cry, “Let’s Do It Again,” echoes the team’s determination to secure a fourth Africa Cup of Nations title, building on their success in 2018.
The increased prize money further adds to the stakes, making the competition even more compelling for participants and fans alike.

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