The CAF Champions League prize money increment from what previous winners pocketed shows the confederation's commitment towards rebranding African football and making it compete favourably with the rest of the world.
The CAF elite club competition is the pinnacle of African club football, the continent's equivalent of the UEFA Champions League.
As a result, it is a lucrative competition, with winners, runners-up, and participants making a healthy payday.
Wydad AC, a Moroccan club, won the 2022 CAF Champions League title and pocketed US$2.5 million.
However, the winners prize money has increased since then as Al Ahly enjoyed the first robust paycheck of US$4 million.
Perennial winners of this competition, Al Ahly of Egypt, defeated Casablanca-based side Wydad AC in the 2022/23 edition of this tournament as they failed to defend the title won in 2022.
How much is CAF Champions League prize money 2023/24 season?
The competition has entered its group stage phase as 16 teams battle for 8 available slots in the knockout phase.
Below is the breakdown of the total prize money for the winners down to participants in the group stage.
CAF Champions League prize money 2023/24 season
Champions: US$ 4 million
Runners-up: US$ 2 million
Semi-finalists (2): US$ 1.2 million
Quarter-finalists (4): US$ 900,000
3rd in Group Stage (4): US$ 700,000
4th in Group Stage (4): US$ 700,000
Wydad AC and Al Ahly Sporting Club will be looking to extend their love story amongst the past CAF Champions League winners as the competition enters its critical phases.
South Africa's Mamelodi Sundowns who recently won the inaugural African Football League will be another serious contender for the title this season.
Sundowns got to the semifinal of this competition last campaign, and will look to win it this time and extend their triumph to two in the CAF Champions League.
This article was most recently revised and updated 4 days ago