AFCON champions to earn $7m as CAF raises prize money

The Confédération Africaine de Football (CAF) has announced an increment in the prize money for winners of the 2023 AFCON in Cote d’Ivoire to $7 million, up from the previous amount of $5 million.

The body announced the 40 per cent increase in a statement on Tuesday.

It also stated that the runner-up of AFCON Côte d’Ivoire 2023 will now get  $4 million. Each of the two semi-finalists will receive $2.5 million, and each of the four quarter-finalists will receive $1.3 million.

CAF President, Patrice Motzepe, said he’s confident that the increase will help the development of football on the continent.

His words: “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.

“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.”

AFCON 2023 will kick off on Saturday, January 13, with host Cote d’Ivoire and Equatorial Guinea at the Alassane Ouattara Stadium in Abidjan.