The Confederation of African Football (CAF), has launched a new competition to be known as the African Super League aimed at injecting about $100 million into the continent’s football.

CAF President Patrice Mostepe who announced the new multi-million dollar deal in Tanzania during the launch of the new tournament on Wednesday, said the new league is aimed at injecting financial muscle to cash-strapped clubs on the continent.

For a start, 24 African clubswill take part in the first edition of the competition which is scheduled to kick off between August 2023 and May 2024.

Motsepe, who addressed a gathering of African football chairmen in Tanzania on Wednesday, said:

“The African Super League is a very important initiative. One of the major problems in Africa is finance.

“The Africa Super League is one of the most exciting developments in the history of African football and the objective in terms of what we are trying to achieve is very clear, to make sure African club football is world class and competes with the best in the world.

“Our intention is to use the $100 million as prize money and to do that every year in the African Super League, so that the club which wins gets $11.5 million,” he said.

Tennis star, Serena Williams, has announced that she will retire from the sport after the US Open at Flushing Meadows which begins later this month

The 40-year-old 23-time Grand Slam champion has been the face of tennis since winning her first U.S. Open in 1999, but in a statement published by Vogue Magazine on Tuesday, said she plans to hang up her racket and bring an end to her active romance with the sport after playing again in the tournament.

Williams who last won a Grand Slam tournament while she was pregnant during the Australian Open in 2017, has been struggling to cope with the pace of the game after the birth of her daughter, Olympia, with hopes of equaling or surpassing Margaret Court’s record 24 Grand Slam titles going up in flames.

In Vogue’s September issue, @serenawilliams prepares to say farewell to tennis on her own terms and in her own words. “It’s the hardest thing that I could ever imagine,” she says. “I don’t want it to be over, but at the same time I’m ready for what’s next” https://t.co/6Zr0UXVTH1 pic.twitter.com/YtGtcc18a9

— Vogue Magazine (@voguemagazine) August 9, 2022

In an emotional statement in Vogue Magazine in which she will appear on the front cover for September’s edition, Williams said:

“I’m turning 41 this month, and something’s got to give. I have never liked the word retirement. It doesn’t feel like a modern word to me.

Serena Williams has plans to call it quits with tennis (Photo Credit: Getty Images)

“I’ve been thinking of this as a transition, but I want to be sensitive about how I use that word, which means something very specific and important to a community of people. Maybe the best word to describe what I’m up to is evolution.

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“But I’ve been reluctant to admit to myself or anyone else that I have to move on from playing tennis. Alexis, my husband, and I have hardly talked about it; it’s like a taboo topic.

“I can’t even have this conversation with my mom and dad. It’s like it’s not real until you say it out loud. It comes up, I get an uncomfortable lump in my throat, and I start to cry. The only person I’ve really gone there with is my therapist!”