Confederation of Africa Football (CAF) has announced the released of the final modalities of financial payment to clubs participating in the 2019/20 CAF Interclub competitions.
The African football governing body made this known in a statement released on its website, on Saturday, the cash is meant to reduce the financial burden on the 32 clubs that reached the group stages of the Total CAF Champions League and Total CAF Confederation Cup.
CAF aslo revealed that all team who participated in the CAF Champions League and Confederation till the Quarter Final stage before it was suspended will get their entitlement allocated to them.
“Clubs will receive their dues based on the established prize monies for each competition till the quarter-final stage when the two competitions were suspended indefinitely due to COVID-19. The minimum guaranteed for clubs participating in the Total CAF Champions League is USD 550,000 and USD 275,000 for the Total CAF Confederation Cup,” the statement released.
“The world of football and for that matter, African football is going through unprecedented difficulties. 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,” said CAF President Ahmad Ahmad.