The Confederation of African Football has announced a 40 percent increase in the prize money for the winners of the upcoming 2023 Africa Cup of Nations, which is slated for Ivory Coast this month.
The winning team at this edition of the tournament will earn a whopping $7 million, with CAF President Dr. Patrice Motsepe hoping that the increase in prize winnings will facilitate the “effective development of 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,” he said.
“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,” the CAF President added.
The African football governing body also increased the earnings for the second-placed team to $4 million.
The two other teams that made it to the semi-finals but failed to progress to the tournament’s final will each get a cash prize of $2.5 million, while the remaining four quarter-finalists will receive $1.3 million each.
The 2023 AFCON, which is the 34th edition of the continental tournament, will commence on January 13 and end on February 11, with 24 countries jostling for the much-coveted trophy.
