AFCON 2024: CAF increases winner’s prize money to $7m

AFCON 2024: CAF increases winner’s prize money to $7m  

The Confederation of African Football (CAF) has raised the prize money for the winners of the forthcoming African Cup of Nations (AFCON) in Ivory Coast to $7 million.

It was increased from the previous amount of $5 million.

CAF announced the increase in a statement on Thursday.

CAF President, Patrice Motsepe, said prize money would contribute to developing football in member associations.

“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,’ the statement read.

“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.”

It also said the competition’s runners-up would get $4 million in prize money, up from $2.7 million.

The remuneration for the semi-finalists and the quarter-finalists was also increased to $2.5 million and $1.7 million respectively.

The 34th edition of the AFCON will be held in Ivory Coast from January 13 to February 11.

The Super Eagles of Nigeria are in Group A alongside the hosts, Equatorial Guinea and Guinea-Bissau.

Nigeria will take on Equatorial Guinea in their opening game on January 14 before facing Ivory Coast four days later and rounding off the group stage with the Guinea-Bissau tie.