African football to receive $150m from CAF

African football will receive an amount of $150 million in television and marketing earnings over the eight years.

According to a Reuters report, this is as a result of significant increase in income for the continent’s football governing body, Confederation of African Football (CAF).

The report indicated that up to two years ago CAF received $5 million annually in payments for African Champions League rights and $5.5 million every two years for the African Nations Cup.

French company SportFive have the exclusive rights to all African competitions at national, youth and club level, it said.

By Emmanuel K. Dogbevi