CHAN 2018 winner to pocket $2.5million

The winner of this year’s 5th edition of the African Nations Championships (CHAN) in Morocco will pocket a staggering US$2.5 million in prize money, which represents a 67% increase from $750,000 awarded to winners of the previous editions.
 The increase in prize money comes months after CAF signed a sponsorship  agreement with French oil giants, Total. (Net photo)
The increase in prize money comes months after CAF signed a sponsorship agreement with French oil giants, Total. (Net photo)

The winner of this year’s 5th edition of the African Nations Championships (CHAN) in Morocco will pocket a staggering US$2.5 million in prize money, which represents a 67% increase from $750,000 awarded to winners of the previous editions.

 The first runners-up will walk away with $700,000, a 75 per cent increase from $400,000, while the semi-finalist will take home $400,000, an increase of up to 60 per cent.

 The increase in prize money comes months after the Confederation of African Football (CAF) signed a sponsorship  agreement with French oil giants, Total.

 As part of the deal, the CAF Champions League, which previously had $1.5 million prize money, now onwards will use  $2.5 million through 2020, while CAF Confederation Cup will have an increase of almost 90% with the winners taking a total of US$1.25 million against $660,000 previously won.

The CHAN 2016 edition, hosted in Rwanda, saw Amavubi, who reached the quarter-finals, pocket $175,000, a position that will now fetch $300,000.

Effective this year’s edition, all 16 participating teams will get $100,000.

editorial@newtimes.co.rw

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