The Executive Committee of the Confederation of African Football on Friday, January 7 held a meeting that reached conclusions favourable to participating nations in the upcoming African Cup of Nations (AFCON) 2021 tournament.
The winners’ prize money for the tournament which is starting on Sunday in Cameroon was earlier pegged at 4.5 million dollars.
However, at Friday’s executive, a raise in the prize was made and the Champions of the AFCON 2021 games will now return home with whopping prize money of five million U.S. dollars (about N2.8 billion).
The new prize is representing an increase of about 11 percent from the initial.
The runners-up will get 2.75 million dollars in prize money, up from 2.5 million dollars and an increase of 10 percent also.
The prize monies for the semi-finalists and the quarter-finalists were also increased, with the total sum of the increase on all prize monies being 1.85 million dollars.
Commenting on the increase, CAF stated officially that the increase was deliberate as it was in line with its commitment to rewarding merit performance and enhancing the status of the competition, which is now in its 33rd edition.
The new AFCON prize money structure is as follows:
* Winners: 5 million dollars (an increase of 500,000 dollars)
* Runners-up: 2.75 million dollars (an increase of 250,000 dollars)
* Semi-Finalists: 2.2 million dollars (an increase of 200,000 dollars)
* Quarter-Finalists: 1.175 million dollars (an increase of 175,000 dollars)