Friday, June 28, 2013

LMC, club managers agree on sponsorship money sharing formula


THE League Management Company (LMC) and the representatives of the 20 premier League clubs on Thursday agreed on the sharing formula of the N550 million Globacom title sponsorship fee for the 2012/2013 Nigeria Professional Football season.
Rising from a meeting in Abuja, the bodies also urged the Nigeria Football Federation (NFF) to ensure that only credible referees officiated games of the elite league. The officials also appraised the first round of the league, as well as receive the reports from the refereeing unit of the general performance of their members during the first round of the league, which currently under break.
In their communiqué jointly signed by the chairman of the league body, Nduka Irabor, and acting chairman of club owners, Isaac Danladi, the bodies said for “efficiency in officiating and proper monitoring of matches, the NFF is advised to trim the number of referees in the Premier league.
“The meeting reviewed the mid-season report, unanimously adopted it and accepted that there was an improvement from the past season. We noted with satisfaction the contributions from all the relevant stakeholders on how best to move the league forward.
“The meeting also discussed the proposed sharing formula for the league revenue and sponsorship fund and commended Globacom for supporting the league. “We were told that we have over 190 referees currently officiating the Premier League and we look at it from the angle of the damage of insisting that all of them must officiate. We agreed that certain number of referees should be selected based on merit by officiating recruitment body. It will not be an all comers affair.”
LMC representative, Shehu Dikko said, “the meeting discussed the sharing formula for the league funds and basically dwelt on the standard structure of sharing. The percentage is the most important thing not essentially the figures.
“We discussed the standard structure that will show that all the money coming into the league is shared in accordance with the due process. So, from day one, everybody will be very clear of the sharing formula. It is only when the funds are available that we will just share it accordingly.
“We have two sections of how the money will be shared, one of them is the one due to clubs, and we have facilities and youth football development. “The second is the operational cost of the league which also goes to the clubs. The money is spent on behalf of the club to pay indemnities, organisation of meetings. The salaries for the league staff, monitoring of the sponsorship compliance and certain percentage to the federation for disciplinary matters among other things go into the second session,” he noted.
Meanwhile, the Nigeria Referees Association (NRA) has urged the LMC to increase the indemnity of their officials in the league to more than N100, 000, noting that they agreed to accept the current dues because LMC pleaded with them to do so. Confirming the NRA’s request for increase in their indemnity, NRA President, Ahmed Maude urged the LMC to heed to the referees’ request to encourage the referees to do their best in officiating matches.
He said, “the good thing is that the LMC has promised that they will pay over a N100, 000 after the meeting in Abuja on Wednesday. It was a response to what we have been complaining since this season. He said, “the good thing is that the LMC has promised that they will pay over a N100, 000 after the meeting in Abuja on Wednesday. It was a response to what we have been complaining since this season. “However, the good thing is that they are not owing a kobo to any referee up till now, unlike what our referees faced in the previous dispensation.”
He said, “the good thing is that the LMC has promised that they will pay over a N100, 000 after the meeting in Abuja on Wednesday. It was a response to what we have been complaining since this season. He said, “the good thing is that the LMC has promised that they will pay over a N100, 000 after the meeting in Abuja on Wednesday. It was a response to what we have been complaining since this season. “However, the good thing is that they are not owing a kobo to any referee up till now, unlike what our referees faced in the previous dispensation.”

Reported by : ngrguardiannews.com


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