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CAF accelerate payments to ease financial burden on clubs

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CAF accelerate payments to ease financial burden on clubs - Sports Leo

The Confederation of African Football (Caf) has accelerated payments of financial rewards to participating clubs in Caf interclub competitions for the 2019/2020 season, in an effort to ease the financial strain on teams during the novel coronavirus pandemic.

The distribution, which has begun, is to reduce the financial burden on the 32 clubs that reached the group stages of the African Champions League and African Confederation Cup, during these trying times.

Clubs will receive their dues based on the established prize monies for each competition until the quarterfinal stage, when the two competitions were suspended indefinitely due to Covid-19.

The minimum guaranteed for clubs participating in the African Champions League is 550 000 US dollars and 275 000 US dollars for the African Confederation Cup.

“The world of football and for that matter African football is going through unprecedented difficulties,” said Caf president Ahmad Ahmad.

“The current situation has had a telling effect on African football stakeholders, and Caf is being responsive to the needs of our Clubs, one of our key stakeholders, by facilitating the payment of their prize monies well ahead of time.”

Usually, clubs received their financial entitlements for the Interclub competitions at the end of the season.

Meanwhile, Caf is monitoring the situation closely and working with the relevant authorities including the Wealth Health Organisation (WHO) on the impact of the virus on the continent, and will announce developments to our competitions at the appropriate time.

In partnership with ANA and Sports Leo

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