The Confederation of African Football (CAF) has confirmed the launch by August 2023, of an African Super League with an endowment of $100 million.
Details about the format of the new competition will be unveiled next month at a launch ceremony in Tanzania, CAF said in a statement last weekend.
“A significant part of the money from the CAF Super League will be reinvested in African football and part of the process is to give US$1 million each year to each of the 54 member associations of CAF as a contribution to the development of soccer and youth,” says CAF president, Patrice Motsepe, in the statement.
The launch of the Super League was unanimously approved last year by CAF’s 54 member associations.
HA/fss/as/APA