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    Home » Africa to launch $100-million Super League on Wednesday
    Sports

    Africa to launch $100-million Super League on Wednesday

    August 10, 2022
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    Patrice Motsepe, president of the Confederation of African Football, will announce the African Super League on Wednesday with $100 million in prize money. The project has been in the pipeline since it was first proposed by FIFA president Gianni Infantino in early 2020. However, it has not met with the same derision and outrage as a similar attempt in Europe last year.

    Africa to launch $100-million Super League on WednesdayOnly the players’ union in South Africa, in a statement this week, has criticized the plan, stating: “Professional football in South Africa and Africa could be at risk if the resolution is implemented. There may be no return from the wreckage that could become the Super League.” Motsepe has promised sponsorships and revenue returns previously unheard of in African football, where the Champions League winner receives $2.5 million in prize money each year.

    Several times in the past, he has claimed that the Super League will allow clubs to pay top talent wages on par with those in Europe. This will allow African teams to retain their most valuable players. In August next year, the brand-new Super League will begin with 24 teams. It will be named the African Football League to disassociate it from last year’s failed European Super League plans.

    Prize money will total $100 million, with $11.6 million being awarded to the winner. The African Football Associations will also receive $1 million from the league’s earnings every year. A total of 54 associations are members of CAF. Though CAF has not finalized the list of clubs, they will come from 16 countries with a maximum of three clubs per country. Before a playoff system, including wild card berths, the majority of clubs will compete in a group competition, divided into three groups of eight clubs.

    Champions League continues, but officials said there are plans to return to two-legged knockout competitions, without the group phase. “We need to put the 20 most successful African clubs in an African league. Such a league would generate at least $200 million in revenue, which would put it among the top ten in the world,” Infantino said at a CAF seminar in Morocco in February 2020.

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    Eurozone Manufacturing Sees Record Growth in July Despite Weak Demand Across Member Countries

    August 5, 2026

    Eurozone manufacturing output accelerated in July while new orders and exports stayed weak. The survey’s output index moved up to 52.9 from 51.7, reaching the highest point since March 2022. Production growth outpaced overall manufacturing activity, though companies relied heavily on orders received in previous months. New orders saw only marginal gains and lagged behind production. Export orders declined once more, with decreases in France, Spain, Italy, and Austria outweighing gains elsewhere in the currency bloc. As a result, July’s production increase was largely supported by existing order books. Factories reduced their backlogs at the fastest rate since January, completing existing orders. This reduction in unfinished work helped sustain output despite weak incoming demand. Additionally, manufacturers decreased employment again in July, continuing a period of job cuts across the sector. Companies maintained cautious staffing levels while order growth remained limited. Business confidence improved to its highest level since February, although it stayed below the long-term average among eurozone goods producers. Production Outpaces Demand Growth Continued weak exports remained a key obstacle to manufacturing recovery. Several major eurozone economies reported fewer orders from foreign clients. Gains in other markets were insufficient to offset these declines. Overall, domestic and export demand combined resulted in only a slight increase in new work, contrasting with the stronger rise in production and the faster reduction in outstanding orders. Factories entered the third quarter with higher production levels than new orders coming in. Despite ongoing disruptions related to the Middle East conflict, input price

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