CAF have increased the prize money for both the Champions League and Confederation Cup this season.
Both of the continent's tournaments got underway this weekend with the first preliminary round.
The African football governing body have confirmed that all teams competing in the Preliminary Stages of both competitions will receive $50 000 (R899000), while the overall prize money has also been increased.
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Statement:
In line with the Confédération Africaine de Football (CAF) President Dr Patrice Motsepe's promise to improve club Competitions and provide more financial assistance to Clubs, the Clubs participating in the Preliminary Stages of the TotalEnergies CAF Champions League and TotalEnergies CAF Confederation Cup will receive USD 50,000 each.
The First Preliminary Round begins with first leg matches scheduled between 16-18 August, followed by return legs from 23-25 August 2024.
The Second Preliminary Round will take place in September, with group stage places at stake.
This is the first time CAF offers financial assistance to Clubs at this stage of the Competition. Previously, Clubs needed to reach the Group Stages to be eligible to share the overall prize money.
In the last two years, the CAF Executive has significantly increased investment in African Club Football:
Winners of the TotalEnergies CAF Champions League now take USD 4,000,000 – compared to the USD 2,500,000 they received in 2022.
Winners of the TotalEnergies CAF Confederation Cup now take more USD 2,000,000 – compared to the USD 1,200,000 they received in 2022.
Last year, Clubs benefited from the financial injection from the African Football League that offered a total prize money of USD 8,000,000.
