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The clubs are for a big financial windfall following increased rewards for this season’s Champions League and Confederation Cup
Egyptian giants Al Ahly and their Tanzanian counterparts Yanga are among African clubs set to reap major financial rewards for their endeavours in the CAF Champions League and Confederation Cup.
Al Ahly, who won a record-extending 11th African crown by beating Wydad Casablanca in the Champions League final are set to take home the biggest purse after Confederation of African Football (CAF) increased the cash rewards for the 2023 competitions by almost double.
Champions League winners for the 2022-23 season are set to take home $4 million (Ksh557 million) which is a huge increase from the $2.5 million (Ksh385 million) that last year’s champions Wydad pocketed.
The Moroccan giants will, however, not feel a big financial hole for finishing second given the runners up prize for this year’s competition is $2 million (Ksh278 million) just $500,000 (Ksh67.7 million) less than what they received for winning in 2022.
With $700,000 (Ksh97.5 million) going to the teams that make the group stage, $900,000 (Ksh125 million) to the quarterfinalist and $1.2 million to the semifinalists, it means Al Ahly will take home a total of $6.8 million (Ksh947 million) for their exertions in the competition while Wydad will get $5.3 (Ksh738 million).
Tunisian giants Esperance and Mamelodi Sundowns of South Africa, who reached the semi-finals, will each pocket a total of $2.8 million (Ksh390 million) while Tanzanian giants Simba and Raja Casablanca of Morocco, who were eliminated at the quarter-final stage, are guaranteed $1.6 million (Ksh223 million) each.
While the second tier Confederation Cup is not as lucrative, it also witnessed a huge increase in prize money with winners USM Alger set to pocket $2 million (Ksh278 million), up from $1.25 million (Ksh174 million) last year.
Tanzania champions Yanga, who lost on the away goals rule following a 2-2 aggregate score in the final, will take home the runners up prize of $1 million (Ksh139 million).
The Confederation Cup has a cash reward of $750,000 (Ksh104.5 million) for the semifinalists, $550,000 (Ksh76.6 million) for the quarter-finalists and $400,000 (Ksh55.5 million) for the group stage, meaning USM collected a total of $3.7 million (Ksh515 million) from the competition while Yanga went home with a total purse of $2.7 million (Ksh376 million).
While the amounts are not as lucrative as the UEFA Champions League, where winners Manchester City are set to pocket €83.28 million (Ksh12.4 billion), or the Europa League, they are still good figures which will boost the clubs’ coffers given how expensive it is to prepare and travel for continental matches around Africa.
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