Confederation of African Football (Caf) is expected to increase the prize money for the 33rd edition of the Africa Cup of Nations (Afcon).
This means teams such as Malawi’s Flames will get more money for playing at the Afcon finals in Cameroon early next year.
Caf President Patrice Motsepe hinted at the hike during a press conference at the Mohamed VI Sports Complex in Sale, Morocco, at the conclusion of the continental football governing body’s executive committee meeting on Friday.
“Regarding prize money for our competitions, we should increase that so as to make our competitions more competitive in the future. We have to take urgent steps to deal with the financial challenges we are facing.
“I am positive that our objectives will be achieved. I attended Uefa and Concacaf congresses to identify some of the steps we should take to make sure African football is at its best,” Motsepe is quoted as saying on www.bestchoicesports.
Caf splashed $14.2 million prize money on the top eight teams at the 2019 Afcon.
Quarter finalists received $800,000 whereas the beaten semi-finalists pocketed $2 million each.
Champions Algeria went home with $4.5 million whereas runners-up Senegal got $2.5 million.
Football consultant Felix Sapao said teams get more benefits just for qualifying for Afcon finals.
“It will be good for teams like Malawi if Caf increases prize money for Afcon. Caf also provides money to teams for preparations,” he said.
For making it to the Afcon finals, the Flames are assured of pocketing $475,000 (about K388 million).
Since 2019, Caf has been paying every participating team about $260,000 (about K212 million) as a preliminary amount to help in preparations for the finals.
The money is deducted from the K388 million which every team is entitled to, should it get knocked out of the competition in group stages.