Covid-19: Enyimba, Rangers To Receive Cash From CAF

0
131
Advertisements


Covid-19: Enyimba, Rangers To Receive Cash From CAF

By Sampson Adedeji

The duo of Nigeria Professional Football League clubs Enyimba International and Enugu Rangers are to receive their cash on time for participating up to group stage of this year CAF Confederation cup.

BSN reports that Rangers were unable to make it beyond the group stage of the competition while Enyimba crashed out at the quarter final to Horoya A.C. of Guinea.

The Africa soccer governing body on Saturday afternoon confirmed through statement that the payment to participating football clubs has commenced.

“In light of growing concerns and evolving nature of COVID-19 pandemic, leading to the suspension of football activities across the continent, CAF has resolved to accelerate the payment of final tranche of financial rewards to participating clubs in CAF Interclub competitions for the 2019/20 season.

The distribution, which has since commenced, is to reduce the financial burden on the 32 clubs that reached the group stages of the Total CAF Champions League and Total CAF Confederation Cup, during these trying times.

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 Total CAF Champions League is USD 550,000 and USD 275,000 for the Total CAF Confederation Cup.

“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.

Usually, clubs received their financial entitlements for the Interclub competitions at the end of the season, ” statements reads.

LEAVE A REPLY

Please enter your comment!
Please enter your name here