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CHAN champions to earn $2m as CAF increases cash rewards

THE Confederation of African Football has raised the cash prizes for the teams participating in the African Nations Championship (CHAN).

The tournament for players based in their own domestic leagues is ongoing in Algeria, with the final scheduled for February 4 at the new Nelson Mandela Stadium in Algiers.

CAF announced a 60 percent increase in the prizes today, with president Dr Patrice Motsepe confirming and explaining that it ‘is in line with the strategy to increase the commercial value of African competitions’.

The winners of this year’s tournament will be given $2 million, a significant raise from the $1.25m received by the champions two years ago.

“The total prize money allocated for the tournament has been increased to $7,900,000 from the $5,450,000 that was paid to all the countries that participated in the previous edition of the tournament two years ago,” CAF explained.

The runners-up will be paid $800,000 while the third-placed and fourth-placed teams will receive $500,000 each.

The four sides that fail to progress beyond the quarter-finals will get $400,000 each, while the two countries that finish second in the groups of three teams will earn $300,000 each, the same amount as countries that finish third in groups of four teams.

The bottom-placed teams in all the groups will earn $200,000 each.

The current CHAN in Algeria began on January 13.

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