The Africa Cup of Nations is by all standards the continent’s biggest football showpiece and, emerging triumphant comes with so much in terms of pride, prestige and history.
The same is true with the European championships, the Copa America and other continental showdowns.
However, there is so much to winning these respective championships than just the aforementioned especially in terms of the grand cash prize for the eventual victor.
Africa’s football governing body, CAF has over the years been increasing the amount to be bagged and it is no different with the current Cameroon edition.
In the preceding campaign in Egypt (2019), champions Algeria walked home with $4.5 million while runners-up Senegal got $2.5 million.
However, for this particular one, CAF decided to increase these cash prizes at its executive meeting on January 7.
After the final match on February 6, the winner will receive $5 million while the second best team will get $2.75 million.
As per Quartz Africa, there are also increases for the six other teams that qualify for the quarterfinal stage.
Juxtaposing with 2017 and 2019 where each nation that reached the last eight received $0.8 million and $1 million respectively, they will this time around bag $1.18 million.
It was $1.5 million and $2 million for the semifinalists in 2017 and 2019 respectively but, it will be $2.2 million at the Cameroon showdown.
It is however the same as in the previous editions, where teams that have been knocked out before the quarterfinals will not receive cash from CAF.
Despite the increment in the cash prizes, Africa is still short at what winners in other continents take home after winning their respective championships.
In context, Italy, winners of the European Championships in July 2021, received $11,000,000 from the European Football Association (UEFA) while runners-up England got $8,000,000.
These monies, however, do not include cash awards for winning matches leading up to the final.
In total amounts accumulated, Italy flew to Rome with over $37 million while England received a consolation of $33 million.
The Copa America, the equivalent tournament in South America is not miles ahead of what CAF offers to the AFCON winners.
About $19.5 million is shared among the teams that reach the knockout phase whereas the ones that drop off in the group stages go home empty-handed.
In the most recent Copa America edition in Brazil (2021), winners Argentina flew to Buenos Aires with $6.5 million whereas $3.5 million was given to the hosts who emerged runners-up.
Making the quarterfinals earned teams $1.5 million while the fourth and third placed sides received $2.5 million and $3 million respectively.