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African football to earn $140 million

The figures show a jump of more than 100 percent in revenue from what the previously cash-strapped organisation could attract for its showcase competitions some five years ago.

All the money is from sports agency Sportfive, which has blanket rights to the major African competitions and is providing a minimum guarantee of $137.45 million for the rights to six different competitions.

There will be $46.8 million for four successive editions of the African Nations Cup finals, starting with last year's tournament in Angola to the 2015 finals in Morocco. Up to 2008, CAF earned $5.5 million every two years for Nations Cup rights.

African football's governing body was previously paid $5 million annually for the club competition rights although before 1997 they did not generate any money.

"This is very significant for the smaller associations who in the past were not able to sell any TV rights," said CAF finance committee chairman Suketu Patel.