President of the Confederation of African Football (CAF) Patrice Motsepe has lifted the veil on the remarkable financial success of the 2023 Africa Cup of Nations, Soccernet.ng reports.

The 2023 AFCON took center stage in Cote dIvoire earlier this year, with the continental spectacle dazzling fans worldwide with a torrent of goals.

Twenty-four countries battled for Africas number-one prize across 52 matches in six venues in five Ivorian cities, with hosts Cote dIvoire eventually becoming the champions.

According to CAFs reports, the financial windfall from this edition soared to unprecedented heights.

With a striking 26% surge in commercial revenue compared to the 2021 AFCON in Cameroon, the coffers overflowed with a staggering $80 million in profits.

For perspective, this monumental figure represents a seismic leap from the $4 million earned in previous editions.

Motsepe hailed this unprecedented success, emphasising the transformative impact on African footballs financial landscape.

The AFCON in Cote dIvoire has been the most profitable ever. Weve made over $80 million. Thats the profit. If we look at previous editions, we made around $4 million. So weve jumped to $80 million, and a huge chunk of that money is going to the 54 countries for football development, Motsepe declared in an interview with France 24, he added. (The Nation)