African soccer launches super league amid big financial loss

Confederation of African Football president Patrice Motsepe has launched a 24-club super league that he says will revolutionize soccer on the continent and become its richest competition. The launch Wednesday comes as CAF reported a loss of nearly $50 million last year. Motsepe says the CAF Africa Super League will offer total prize money of $100 million. That's over five times more than Africa’s current Champions League. The new competition is scheduled to begin in August 2023 and has the backing of FIFA. CAF didn’t say which 24 African clubs will take part.

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