ZESCO United and ZANACO to Receive Finacial Entitlement From CAF
Zesco United and Zanaco FC will be receiving their financial entitlement for reaching the group stage of the CAF Champions League and the CAF Confederation Cup respectively which are interclub competitions.
Usually, clubs receive these monies at the end of the season but n light of growing concerns and evolving nature of COVID-19, leading to the suspension of football activities across the continent, CAF has resolved to accelerate the payment of final tranche of financial rewards to participating clubs in CAF Interclub competitions for the 2019/20 season.
“The world of football and for that matter African football is going through unprecedented difficulties. The current situation has had a telling effect on African football stakeholders, and CAF is being responsive to the needs of our Clubs, one of our key stakeholders, by facilitating the payment of their prize monies well ahead of time,” said CAF President Ahmad Ahmad.
The distribution, which has since commenced, is to reduce the financial burden on the 32 clubs that reached the group stages of the Total CAF Champions League and Total CAF Confederation Cup, during these trying times.
Clubs will receive their dues based on the established prize monies for each competition till the quarter-final stage, when the two competitions were suspended indefinitely due to COVID-19
Despite failing to win a single match in the group stage, Zesco United will walk away with K10,158,500 (USD 550,000) for reaching group stage while Zanaco will receive more than K5,079,250 (USD 275,000) for reaching the quarter finals.
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