LMC, Releases about N208m Glo Sponsorship Money to NPL Clubs.

The League Management Company (LMC) has remitted about N208m, which represent the clubs’ sponsorship earnings for the 2012/13 league season, to the 20 Glo Nigeria Premier League (NPL) clubs.

Glo Nigeria Premier League.
Glo Nigeria Premier League.

The Chairman of Kwara United FC Ilorin, Mr Bamidele Aluko, was quoted by news tabloid, This Day, to have told the News Agency of Nigeria (NAN) that the LMC released N10.4m to each club in the 20-team NPL.

He said, in line with the body’s mandate, the money was made available before Monday’s N25m cheque presentation to the Nigeria Football Federation (NFF) in Abuja by the LMC.

“They have given the clubs their own N10.4m each, so it is the turn of the NFA to take its own on Monday, and we can’t say no to it,” Aluko said.

He commended the league body for living up to the clubs’ expectation, adding that they (clubs) would not hesitate to take necessary action if the LMC go contrary to any of the agreements.

“By principle if the LMC agrees to work the way we want them to, we will have no other choice than to support them.

“From what we can see, they have the ability to get more money for the league and if what they do is what we have in mind it means there won’t be problem.

“The Chairman of the LMC Nduka Irabor said that they are the messengers of club owners and that they are not working alone,” Aluko added.

“This is the agreement we have and inasmuch as they are doing that, there won’t be problem among us but if they do things without our consent, then, there will be disagreement.”

Communication giants Globacom, in March, sealed the sponsorship rights of NPFL, after confirming a N550m deal with LMC for the 2012/13 season.

The deal was completed after Globacom paid N100m to Total Promotions Limited as compensation for agreeing to an out-of-court settlement in the title sponsorship disagreement.