The Nigeria professional Football League NPFL have received a big boost as the LMC announced a multi million naira sponsorship deal with NEXT TV.
Chairman of the League Management Company LMC Mallam Shehu Dikko disclosed this at the Annual General Meeting of the LMC held in Abuja Wednesday.
He said the 5-yr contract would see the league on TV amidst other multiple sponsors to boost the commercial values of the league.
Also Read: The Professional Athlete as an Employee Within The Context of The NPFL Rules
The Annual General Meeting applauded the LMC for the deal and okayed reforms in the general administration of the system and its framework to make the league competitive and attractive.
The value of the deal which is in multiple of what the league is earning before now would be officially announced at the unveiling ceremony to be performed soon.
Meanwhile a reliable source from the league body revealed that the total projected income revenue from the deal and other commercial inflows is worth over 225 million dollars in five years.
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COMMENTS
The announcement throws up more questions than answers.
Who are Next TV?
Do they have the capability?
How many matches on TV over 5 years?
What is “multi-million naira?
It says at the bottom $225m, that is multi billion naira
How come it is not on ANY NFF/LMC or NPFL platform?
It lacks details.
Thanks BigD. You raise very serious questions.
My brother too much sense no go kill you o. I just hope this is true. Our league has really suffered.
“….Meanwhile a reliable source from the league body revealed that the total projected income revenue from the deal and other commercial inflows is worth over 225 million dollars in five years….!”
No wonder there is a serious battle for the soul of the FA
$225,000,000 is equivalent to N81,000,000,000. What is multimillion Naira their? Una never tell us the real story yet.
The above figure for the contract $225,000,000 is equal to N81,000,000,000.00 in five
years. This automatically translate to sixteen billion, two hundred million naira
( 16,200,000,000. ) per year. This kind of contract is not multi-million but is MULTI-
BILLION naira project. Nigerians, please take note. I rest my case here.