2019 AFCON: Paucity Of Funds Hinders CAF From Paying Winners - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
September 12, 2019
AFCON winners Algeria, finalistsSenegal and third-place winners Nigeria are yet to be paid their prize moniesdue to CAF’s current financial deficit.
The Confederation of AfricanFootball’s bid to pay the Africa Cup of Nations winners is seriously threatenedby a paucity of funds, Sports Extra has reliably gathered.
The sum of $14.2m is expected to beshared between the best eight teams at the 2019 Africa Cup of Nations but noneof the eight teams have received their prize money from the continentalfootball body.
Algeria are expected to receive$4.5m, with Senegal pocketing $2.5m, while the Super Eagles are expected to bepaid $2m prize money for placing third.
According to extracts from theminutes of CAF’s Executive Committee meeting in Cairo on Tuesday, the body’spresent income does not match expenditure and is, therefore, dipping into itscash reserves to meet recurrent expenditure.