Financial windfall for Warriors at AFCON

Posted by Maveriq

The Warriors are set to receive  a minimum of $475 000 in appearance fees at the upcoming 2017 Africa Cup of Nations (AFCON) in Gabon.  Every team taking part at the AFCON tournament is guaranteed to receive a minimum of $475 000, after the Confederation of African Nations (CAF) increased the prize money.

Therefore, if the warriors finish last in their group they will receive $475 000.  If they are to do better and finish third they will receive $575 000 and if they qualify for the quarter-finals they will receive $800 000.

In their letter to all national associations Caf said:

In view of the decision made by the Caf executive committee during its meeting held in Cairo, Egypt, on September 27, 2016, Caf, hereby, informs you of the update of the revenues grid detailing the allocation of revenues for national teams and clubs taking part in the final phases of the Caf competitions during the four-year cycle, 2017 to 2020.

The grid has been revised upwards, taking into consideration the renewed agreement reached with our agencies in charge of commercialising TV and marketing rights of Caf competitions. The allocations below are applicable as from January 2017. Additionally, as a policy matter, Caf will usually transfer to each team, prior to the beginning of the final tournament, 50% of the revenue allocated to teams finishing fourth in their groups in order to facilitate the teams’ preparations.

More: NewDay

 



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