Uganda Cranes will receive $300,000 (Ugsh 1.1 billion) from Confederation of African Football (CAF) for participating in Algeria's African Nations Championship (CHAN).
Cranes to receive Sh 1.1 billion CHAN prize for elimination
The Confederation of African Football (CAF) on Friday announced the monetary prizes for the African Nations Championship (CHAN).
Uganda Cranes falls short despite Impressive start at CHAN
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Cranes exited the tournament on Sunday after falling 3-1 to Ivory Coast in their last match, which saw them finish third in their group.
Milutin ‘Micho’ Sredojevic charges earned a goalless draw in their group opening match against DRC, then registered a famous 1-0 victory over DRC before falling to the Elephants in the final.
Uganda Cranes (Photo credit: CAF)
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As a result, they finished third on their log Group B with four points; hence they will take home $300,000, a 60% increase from the figure paid in previous tournaments, according to a statement released by CAF On Friday.
The prize money for eventual champions has been increased to $ 2 million compared to the US$1,250,000 received by the previous champion two years ago.
“The total prize money allocated for the tournament has been increased to US$ 7,900,000 from the US$ 5,450,000 that was paid to all the countries that participated in the previous edition of the tournament two years ago,” read part of the CAF statement.
Breaking down the prize structure, CAF said the runners-up would take home US$800,000 while the third and fourth-placed teams will receive $500,000 each.
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The four sides that fail to progress beyond the quarter-finalists will get $400,000 each while the two countries that finish second in the groups of three teams will earn $300,000 each, the same amount as countries that finish third in groups of four teams.
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