CAF to release the final tranche of payment to clubs participating in Champions League, Confed Cup | Futaa.com Nigeria
CAF to release the final tranche of payment to clubs participating in Champions League, Confed Cup
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CAF to release the final tranche of payment to clubs participating in Champions League, Confed Cup

CAF on Saturday announced that they will release the final tranche of financial rewards to clubs participating in the 2019/20 CAF Interclub competitions. 

In a statement published on its website, CAF said that 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.

"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 read. 

 “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.