CAF President Announces Significant Increase in CHAN Prize Money
The president of the Confederation of African Football (CAF), Dr. Patrice Motsepe, has revealed an exciting development for the TotalEnergies CAF African Nations Championship (CHAN) ahead of its 2024 edition. In a bid to enhance the competition’s prestige and attractiveness, Dr. Motsepe confirmed that prize money for the tournament will see a substantial increase.
Major Prize Money Boost for CHAN
The upcoming CHAN, scheduled to take place in Kenya, Tanzania, and Uganda, will offer a 75% increase in the prize for the overall winner. The winning team will now receive $3.5 million (R65 million), marking a significant boost to the competition’s rewards. Additionally, the total prize pool for the 2024 tournament will rise by 32%, bringing the total to $10.4 million (R195 million).
This increase is part of CAF’s broader strategy to invest in African football, improve its global competitiveness, and make its competitions more appealing to fans, sponsors, and partners both within Africa and internationally.
Dr. Motsepe’s Vision for African Football
In his official statement, Dr. Motsepe emphasized that CHAN plays a critical role in the development of African football, particularly for home-based players. The competition provides a platform for young, local talent to showcase their skills on the continental stage, contributing to the growth and visibility of African football worldwide.
“We are excited about the upcoming TotalEnergies CAF African Nations Championship and have significantly increased the Prize Money for the Winner to $3.5 million. This increase is part of our strategy of investing in African football and making it attractive to football fans, TV viewers, sponsors, and partners,” stated Dr. Motsepe.
What’s Ahead for African Football?
The CHAN is one of the key fixtures in CAF’s football calendar, and with the increased prize fund, the tournament is poised to gain even more attention. As East African nations prepare to host the 2027 Africa Cup of Nations, the 2024 CHAN will set the tone for the region’s ability to organize major international football events.
With the prize money increase, CAF continues to show its commitment to enhancing the competitiveness of African football and strengthening the continent’s position in the global footballing arena. Fans can look forward to a more thrilling and rewarding CHAN competition, with African football’s future looking ever brighter.
