Africa to receive $150 million over eight years

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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.