New Delhi: The Asian Football Confederation (AFC) increased the prize money significantly for its continental club competition – the AFC Champions League and the AFC Cup. Also Read - India Confirmed to Host AFC Women's Asian Cup in 2022

The AFC Champions League winners in 2018 will receive $4 million, up from $3 million while the club that lifts the AFC Cup will pick up $1.5 million instead of $1 million dollars. 

Ballon d'Or 2017: Cristiano Ronaldo Wins Golden Ball For 5th Time; Beats Lionel Messi, Neymar Jr

Ballon d'Or 2017: Cristiano Ronaldo Wins Golden Ball For 5th Time; Beats Lionel Messi, Neymar Jr

Also Read - AIFF Concludes I-League Season, Leaders Mohun Bagan to be Crowned Champions

The Asian football governing body said its Champions League is second only to the European club competitions in terms of prize money. In addition to the $1 million increase for the winner, the runners-up will get $2 million after a $500,000 increase. Also Read - Coronavirus: Asian Football Tournaments to go Ahead This Year, Official Says

AFC General Secretary Windsor John said there is increased prize money at every stage in the AFC Champions League, while the AFC Cup sees significant increases for the winners and the finalists. “There is increased prize money at every stage in the AFC Champions League, which is already one of the richest continental club competitions in world football.

“The AFC Cup also sees significant increases for the winners and the finalists next season as we fulfil our Vision and Mission to deliver world-class competitions which provide the best platform for Asia’s leading players.

“One of our key decisions has been to invest in both our competitions, which are the lifeblood of every Confederation and our Member Associations who provide the teams. We can already see the rewards with even higher standards and greater intensity in the competition.

“The AFC has always looked to reward success and we are also dedicated to growing our competitions. Now we believe that in 2018 the incentive to win our two main club competitions will be greater than ever,” he said.
(With IANS inputs)