The Confederation of African Football (CAF) has announced a significant increase in prize money for the upcoming 2024/25 season of the CAF Champions League and CAF Confederation Cup. This move is aimed at further enhancing the prestige of these continental club competitions and providing greater financial incentives to participating teams.
CAF Prize Money Breakdown
Here’s a look at the updated prize money for both tournaments:
CAF Champions League
- Winner: USD 4,000,000 (R71 million) (a 40% increase from the previous season)
- Runner-up: USD 2,000,000 (R36 million)
- Semi-finalists: USD 1,500,000 (each) (R27 million)
- Quarter-finalists: USD 1,100,000 (each) (R20 million)
- 3rd in Group Stage: USD 800,000 (each) R14 million)
- 4th in Group Stage: USD 800,000 (each) (R14 million)
- Preliminary Round: USD 50,000 (per club) (R890,000)
CAF Confederation Cup
- Winner: USD 2,000,000 (R36 million)
- Runner-up: USD 1,000,000 (R18 million)
- Semi-finalists: USD 750,000 (each) (R13 million
- Quarter-finalists: USD 550,000 (each) (R10 million)
- 3rd in Group Stage: USD 400,000 (each) (R7 million)
- 4th in Group Stage: USD 400,000 (each) (R7 million)
- Preliminary Round: USD 50,000 (per club) (R890,000)
Impact of the Increase
The increased prize money is expected to have a positive impact on African club football in several ways:
- Increased competitiveness: The higher stakes will incentivize clubs to perform better and invest more in their squads and infrastructure.
- Financial stability for clubs: The additional revenue will help clubs become more financially stable, enabling them to retain their best players and attract new talent.
- Improved quality of football: The overall standard of play in both competitions is likely to rise as clubs strive to reach the later stages and claim lucrative prizes.
- Greater global recognition: The increased prize money and improved quality of football may attract more international attention to African club football.
The substantial increase in prize money for the Champions League and Confederation Cup is a welcome development for African football. It demonstrates the confideration’s commitment to making club football on the continent more competitive, sustainable, and globally recognized.
Related article: CAF Official Rubbishes Talk Of Confederation Cup Being Scrapped