The Confederation of African Football’s bid to pay the Africa Cup of Nations winners is seriously threatened by a paucity of funds.
AFCON winners Algeria, finalists Senegal and third-place winners Nigeria are yet to be paid their prize monies due to CAF’s current financial deficit.
The sum of $14.2m is expected to be shared between the best eight teams at the 2019 Africa Cup of Nations but none of the eight teams have received their prize money from the continental football body.
Algeria are expected to receive $4.5m, with Senegal pocketing $2.5m, while the Super Eagles are expected to be paid $2m prize money for placing third.
According to extracts from the minutes of CAF’s Executive Committee meeting in Cairo on Tuesday, the body’s present income does not match expenditure and is, therefore, dipping into its cash reserves to meet recurrent expenditure.
“It appears, from the analysis of the Finance Committee, that CAF has entered a cycle of structural deficit that will reach about six $6m at the end of this year if it is not reversed immediately,” CAF’s Finance Committee chairman, Fouzi Lekjaa was quoted as saying.
“There is a need to reverse this deficit trend by rationalising spending and making use of better revenue potential for CAF.”
The 2019 Africa Cup of Nations, was the 32nd edition, the biennial international men’s football championship of Africa organized by the Confederation of African Football. The tournament was hosted by Egypt.
The competition was held from 21 June to 19 July 2019, as per the decision of the CAF Executive Committee on 20 July 2017 to move the Africa Cup of Nations from January-February to June-July for the first time. It was also the first Africa Cup of Nations expanded from 16 to 24 teams.
The tournament was initially scheduled to be hosted by Cameroon. Cameroon would have hosted the competition for the first time since 1972. On 30 November 2018, Cameroon was stripped of hosting the 2019 Africa Cup of Nations due to delays in the delivery of infrastructure, Boko Haram insurgency and the Anglophone crisis. On 8 January 2019, Egypt was chosen by the CAF Executive Committee as the host nation of the competition. The tournament was also moved from the original dates of 15 June – 13 July to 21 June – 19 July due to Ramadan.
Algeria defeated Senegal 1–0 in the final, winning their second title and first since 1990, while Nigeria came third after beating Tunisia 1–0 in their third-place play-off match.
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