Patrice Motsepe, president of the Caf, has introduced the $100 million African Super League.
Motsepe stated that each member organisation is expected to profit from the funds amassed from the initial tournament, which is scheduled to start in 2023, during the 44th Caf Ordinary General Assembly on August 10 in Arusha, Tanzania.
The competition will, for the first time, be held one year from now with 24 teams participating.
“We announced on July 3, 2022, that the total prize money of the Caf Africa Super League will be $100 million, with the winner receiving $11.5 million,” Caf said in a statement.
“We intend to pay each member association $1 million per annum from the Caf Africa Super League funds.
“We also intend to allocate $50 million to CAF from these funds for youth and women’s football development and for all its other competitions to ensure that they are globally competitive.”
Mostepe added that the establishment of the Super League is meant to make African tournaments competitive.
“We also want to use $50 million from the African Super League to make some of our competitions competitive,” the South African added.
“The prize money of competitions must be very high to make them exciting and to use some of that money to pay the players, the staff, and administrators.”