After years of financial turbulence, the Confederation of African Football (CAF) has finally returned to profit, a milestone that could see the Super Eagles and Super Falcons smile to the bank in upcoming tournaments.
At its 47th Ordinary General Assembly held in Kinshasa, DR Congo, CAF announced a net profit of USD 9.48 million for the 2023 – 2024 financial year, its first positive balance sheet in several years. The organisation’s total revenue jumped to USD 166.42 million, driven by a surge in sponsorship deals, stricter financial controls, and growing global attention on African football.
CAF President, Dr. Patrice Motsepe, described the development as a “turning point for African football’s financial independence and sustainability.”
The profit, CAF explained, will be reinvested in competitions, infrastructure, and member associations a move expected to boost prize earnings for national teams and clubs across the continent.
Among the changes: The CAF Champions League winners’ prize climbed by 60% to USD 4 million; the WAFCON champions’ reward doubled to USD 1 million; the AFCON 2023 winners pocketed USD 7 million, a 40% increase from the previous edition.
For Nigeria, that means the Super Eagles and Super Falcons stand to gain significantly in future tournaments as CAF strengthens its financial footing.
With 16 commercial partners now on board, CAF says the era of deficit spending is over. The organisation projects more funds for grassroots development, women’s football, and club competitions, marking what many insiders are calling “a new dawn for African football.”