Jack87 news today, The Confederation of African Football (CAF) on 10 August 2022 launched a new lucrative $100 million Premier League aimed at injecting financial muscle into the continent’s cash-strapped clubs.

Twenty-four clubs, yet to be confirmed, will take part in the first edition, which is backed by world governing body FIFA and will run between August 2023 and May 2024.

CFA president Patrice Motsepe, who announced the new competition, did not say whether it would replace the existing CFA Champions League and second-tier UEFA Cup.

“The African Premier League is a very important initiative. One of the main problems in Africa is finance,” Motsepe said at a launch event in the northern Tanzania town of Arusha.

“The African Premier League is one of the most exciting developments asianbookie in the history of African football and what we are trying to achieve is very clear, which is to ensure that African club football is world-class and to compete with the best teams in the world.

“Our intention is to put $100 million in prize money and do this every year in the African Premier League so that the winning club gets $11.5 million,” he added.

Hamdi Meddeb, chairman of four-time Champions League champions Tunisia Esperance, claimed ahead of the conference that the two sides would be better off not participating in the current top-flight competition due to cost reasons.

“Africa is a huge continent, bk8 and sometimes we have to charter flights for more than $100,000 apiece,” Meddeb said.

“When we won the Champions League (in 2018 and 2019), more than half of the prize money was spent on bonuses and allowances for the team and technical staff. These are contractual obligations.”

Motsepe said the CAF would use a portion of the $50 million from bk8 malaysia the Premier League to boost football’s appeal and ensure the best players stay in Africa and improve the quality of sport on the continent, which lags the rest of the world.

“Each of the 24 clubs that will take part in the inaugural tournament will receive an annual contribution of $3.5 million to purchase players, pay for transport and player transfers,” Motsepe said.

Motsepe called on African governments to help build CAF-approved stadiums to ensure every bk8 sports club plays in their own country.

Not everyone is excited about the Premier League, with Cape Town City FC owner John Comitis calling it a “super stupid idea”.

“The Premier League will kill African club football,” he warned.

“You can turn off the lights in the domestic league.”

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