Nigeria Professional Football League clubs, Enyimba and Enugu Rangers, are set for a financial windfall from the Confederation of African Football (CAF) following their participation in this season’s Confederation Cup.
Enugu Rangers Football club – Photo credit: NPFL.com
The financial burdens of both clubs may be lessened as the Confederation of African Football (CAF) begins the disbursement of financial rewards to the teams that featured in this season’s continental clubs’ competitions.
According to a statement released Saturday by the continent’s football governing body, an early approval has been granted for the disbursement of the final tranche of prize money to participating clubs in CAF Interclub competitions for the 2019/20 season.
Together, the two Nigerian clubs will get $625,000.
According to CAF, the early disbursement was to reduce the financial burden carried by the 32 affected clubs during the current trying times occasioned by the COVID-19 pandemic, leading to the suspension of football activities.
Enyimba Football club – NPFL.com
“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 CAF Champions League is $550,000. That is for the clubs that dropped out after the group stage.
Incidentally, no Nigerian club got to that stage. However, in the Confederation Cup, Enyimba got to the quarterfinals and therefore will get $350,000.
Enugu Rangers on the other hand placed third in their Confederation Cup group to gross $275, 000.
No Nigerian club made it to the group stage in the more lucrative CAF Champions League.
“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.
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