The Confederation of African Football (CAF) announced Monday the establishment of a new lucrative $100 million Super League aimed at pumping financial power into the continent’s cash-strapped clubs.
When he introduced it, CAF president Patrice Motsepe did not indicate whether the new league would replace CAF’s existing Champions League or the second-tier Confederation Cup.
“The African Super League is a very important initiative. One of the major problems in Africa is finance,” said Motsepe at the launch held in the northern Tanzania town of Arusha.
“The Africa Super League is one of the most exciting developments in the history of African football and the objective in terms of what we are trying to achieve is very clear, to make sure African club football is world class and competes with the best in the world.
“Our intention is to use the $100 million as prize money and to do that every year in the African Super League, so that the club which wins gets $11.5 million,” he said.
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