Ahead of the 34th edition of the Africa Cup of Nations in Ivory Coast later this month, players and teams have received a welcome boost in prize money from the Confederation of Africa Football.
CAF on Thursday announced a 40 per cent increase in the prize money for the winners of the 2023 AFCON.
According to the statement published on the website of the football governing body, the winners of the tournament will receive $7m, $2m more that the reward doled out at the last edition in Cameroon.
The runners-up of the African football showpiece event will now get $4m while each of the two semi-finalists will receive $2.5m, with each of the four quarter-finalists taking home $1.3m.
Reacting to the latest increment, CAF president Patrice Motsepe 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 winners to $7m, which is a 40 per cent increase from the previous AFCON prize money.
The rise in the AFCON prize money sees the continent surpass the prize money paid to South American champions and closes the gap on their Europe counterparts.
