Medeama SC, the reigning Ghanaian champions, have invested a significant sum of $300,000 to secure their place in the group stage of the 2023/24 CAF Champions League.
This marks a historic milestone for the Ghanaian club as they reached the group stage of the competition for the first time in their history. Their qualification was confirmed after defeating Guinean giants Horoya AC with a 4-3 aggregate scoreline, despite suffering a 2-1 defeat in the second-leg fixture played in Conakry.
President of Medeama SC, Moses Armah Parker, disclosed that the club had to allocate $300,000 to cover expenses during their journey to the group stage. He emphasized that participating in CAF club competitions requires a substantial financial commitment, often exceeding $150,000 depending on travel and other factors.
Armah Parker made these remarks during a press conference following the club’s historic qualification for the 2023/24 CAF Champions League group stage. He also took the opportunity to call upon corporate institutions to provide financial support to the club, given the significant costs associated with competing in African competitions.
Medeama will learn their group stage opponents on Friday, October 6, 2023, during the official draw scheduled to take place in Johannesburg, South Africa.