CAF ANNOUNCES RECORD $10.4M CHAN PRIZE MONEY

The Confederation of African Football has announced a record total prize pool of $10.4m for the 2024 African Nations Championship to mark a major financial boost and signals the organization’s intent to elevate the competition’s stature.

For the first time in the tournament’s history, the eventual champions will pocket a staggering $3.5m, an increase of 75 per cent from the $2m awarded to the winners of the last edition.

The runner-up will receive $1.2m, while the third and fourth-place teams will walk away with $700,000 and $600,000, respectively.

Each of the four losing quarter-finalists will earn $450,000, while teams that finish third or fourth in their respective groups will receive either $300,000 or $200,000, depending on their group format.