Cameroun pockets $4m for win African Cup of Nations

Cameroun, the winner of the African Cup of Nations hosted in Gabon pocketed a sum of $4 million as prize money, which is a 64 per cent increase from a previous $1.5 million. The runners-up, Egypt also took home $2 million.

This increase came after CAF signed an agreement with new sponsor, French petroleum group Total. The oil giant signed an eight-year contract for an estimated amount of a little over one billion dollars (EUR 915 million).

The CAF Champions League which previously gives$1.5 million prize money, now awards $2.5 million while the CAF Confederations Cup saw an increase of almost 90% with the winners taking a total of $1.25 million against the previous $660,000.

Also, the winner of the CAF Total Chan tournament will take home $1.25 million as against the previous $750,000.

This development puts to rest years of requests from sporting bodies for an increase in the prize money to support struggling teams.

Cameroun won the well contested final match against Egypt by two second-half goals as against one goal scored by Egypt in the first half. Cameroun is the host of the 2019 edition of the competition.