Ghanaian clubs miss out on CAF payments
The Confederation of African Football has released monies to clubs that participated in the 2019-2020 CAF Champions League and Confederations Cup matches to ease their financial burden in these hard times.
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.
CAF will pay through the monies through the various associations of the clubs who featured in the 2019-2020 CAF Champions League and Confederations Cup.
Asante Kotoko and AshantiGold, the two Ghanaian clubs in the CAF Champions League and Confederations Cup competition, were all eliminated during the preliminary stages.
The clubs will receive their share based on the agreed amounts for each competition prior to the quarter-final stage when both competitions were suspended indefinitely due to the COVID-19 pandemic
Asante Kotoko and AshantiGold, the two Ghanaian clubs in the CAF Champions League and Confederations Cup competition, were all eliminated during the preliminary stages.
Below is the statement from CAF:
In light of growing concerns and evolving nature of COVID-19 pandemic, leading to the suspension of football activities across the continent, CAF has resolved to accelerate the payment of the final tranche of financial rewards to participating clubs in the CAF Interclub competitions for the 2019/20 season.
The distribution, which has since commenced, is 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, during these trying times.
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 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.
Usually, clubs received their financial entitlements for the Interclub competitions at the end of the season.
Meanwhile, CAF is monitoring the situation closely and working with the relevant authorities including the Wealth Health Organization (WHO) on the impact of the virus on the continent, and will announce developments to our competitions at the appropriate time.
Mustapha Hadji (Dean of Sports)
