AFCON
AFCON 2023 prize money: How much does the Africa Cup champion earn?
The competition is already underway and teams are already lined up to take this trophy home and make some football history.
The 2023 Africa Cup of Nations (AFCON) is underway in Ivory Coast, with 24 teams competing for the continental glory. The tournament, which runs from January 13 to February 11, 2024, is a showcase of African football talent and a lucrative opportunity for the participating nations.
The Confederation of African Football (CAF) announced a 40% increase in the prize money for the winner of the AFCON 2023, from $5 million to $7 million. The runner-up will receive $4 million, while the losing semifinalists will get $2.5 million each. The quarterfinalists will pocket $1.3 million each, and the third-placed team will earn $2 million1.
How is the total purse of the AFCON cup ?
The total prize money for the AFCON 2023 is $36.5 million, which is a significant boost from the previous edition in 2021, which had a total prize money of $26.5 million3. The increase reflects the growing popularity and importance of the tournament, as well as the investment made by the host country, Ivory Coast, which spent $1 billion on infrastructure and facilities4.
The prize money is also a source of motivation and reward for the players and the national federations, who have to cope with the challenges of playing in the middle of the European club season and the risks of contracting COVID-19. The prize money is distributed among the players, the coaching staff, and the federation, according to their own agreements.
The AFCON 2023 is expected to be one of the most competitive and exciting editions in recent history, with several teams vying for the title. Senegal, the defending champions, are among the favorites, along with Nigeria, Morocco, and Egypt, who have a record seven titles.
Whoever lifts the trophy on February 11 will make history and enjoy a handsome financial reward.