Why CHAN prize money was increased

EAST AFRICA: THE President of the Confederation of African Football (CAF) has explained the reason behind the recent increase in prize money for the African Nations Championship (CHAN).

A brand-new trophy and a 75 per cent increase in prize money for the winners make this year’s edition co-hosted by Kenya, Tanzania, and Uganda exciting.

For the first time in the tournament’s history, the champions will take home a remarkable 3.5 million US Dollar while the runners-up will earn 1.2 million US Dollar with the third and fourth-place teams getting 700,000 US Dollar and 600,000 US Dollar, respectively.

Each of the four losing quarter-finalists will receive 450,000 US Dollar, while teams finishing third or fourth in their groups will be awarded 300,000 US Dollar or 200,000 US Dollar, depending on the group format.

“We are excited about the upcoming CAF African Nations Championship Kenya, Tanzania and Uganda 2024 and have significantly increased the prize money of the winner to 3.5 million US Dollar which is an increase of 75 per cent,” Motsepe had said.

“We have also increased the total prize money of the tournament to 10.4 million US Dollar which is a 32 per cent increase. The CHAN is an important competition for the development and growth of Africa-based football players and talented young players and will contribute significantly to the global competitiveness of African football and CAF competitions.

“This competition is part of our strategy of investing in African football and making it appealing and attractive to football fans, TV viewers, sponsors, partners and other stakeholders in Africa and worldwide.”

This year’s tournament will make history as the first-ever edition of the CHAN to be cohosted by three nations.

Reserved exclusively for players competing in Africa’s domestic leagues, the competition will see matches played across Dar es Salaam, Zanzibar, Kampala, and Nairobi from August 2-30.