Africa to receive $150 million over eight years

LUANDA - African football will receive $150 million in television and marketing income over the next eight years in a significant increase in revenue for the Confederation of African Football (CAF).

Up to two years ago CAF were paid $5 million annually for African Champions League rights and $5.5 million every two years for the African Nations Cup.

CAF's financial report, released ahead of their congress in Luanda on Friday, said the organisation had an operating profit of $939,000 over the last financial year and a cash balance of $18.8 million.

It said CAF were spending almost $25 million on three training centres in Cameroon, Ethiopia and Senegal.

French company SportFive have the exclusive rights to all African competitions at national, youth and club level.