CAF announces Super League with $100m prize money
Confederation of African Football (CAF) president Patrice Motsepe has confirmed a new Super League for the continent will kick off in 2023 with total prize money of $100m.
This dwarfs the total prize money of $12.5m for CAF’s present headline continental competition, the Champions League, where the winner takes home $2.5m.
“CAF president Patrice Motsepe today announced the executive committee has resolved the African Super League will kick off in August 2023 and will be launched in Tanzania in August 2022,” CAF said.
“Details, including the official name, will be unveiled at the launch event.
“The competition will breathe new life into African club competition. Winners and participants in the inaugural African Super League will receive significant prize monies, and the proceeds from the tournament will include substantial solidarity payments to all 54 CAF member associations.
“During last year’s Extraordinary General Assembly in Egypt, the 54 member associations unanimously voted to go ahead with the competition and gave a mandate to the president and executive committee to lead implementation of the competition.”
Motsepe said $1m will be paid annually to CAF’s member associations.
“The decision has been taken to implement the CAF Super League. It will launch during CAF’s 44th ordinary assembly in Tanzania on August 10,” he said.
“We have been inundated with investors and sponsors who are anxious to partner with us in the CAF Super League. It has huge potential to significantly uplift African football and make it even more powerful.
“We will be engaging with stakeholders over the next few weeks to discuss the mechanics of the tournament and will release further details shortly.
“A significant amount of the money from the CAF Super League will be invested back into African football, and part of the process involves giving $1m every year to every one of CAF’s 54 member associations as a contribution to football and youth development. We also want to look to increase the prize money for the men’s and women’s CAF Champions Leagues.”