By Sab Osuji:
The League Management Company, LMC, has drawn up a budget of N3.5billion for the 2014/2015 season which kicks off this weekend across the country.
Rising from its first Annual General Meeting held at Top Ranks Galaxy Hotel, Utako Abuja Wednesday, the domestic league organizers formally welcomed the quartet of Wikki Tourists, Kwara United, Gabros International (now Ifeanyiubah United) and 3SC to the Premier League.
The meeting was presided over by the new LMC chairman, Mallam Shehu Dikko with the 20 Premier League clubs officials in attendance.
Highlight of the several resolutions adopted at the meeting include
the N3.5billion expenditure plans presented by the board along the Company’s projected revenue streams, for the 2014/2015 season as presented by the board.
The Meeting also adopted the proposed amendments to the rules of the 2013/2014 season for use in the 2014/2015 League Season.
The AGM approved the kick off date for the new season 2014/2015 to commence on Saturday 7th March 2015. And the registration will remain open and closed at week 9.
The meeting approved the appointment of Henry Young & Co, a firm of Chartered Accountants as independent Auditors of the Company for the audit of the accounts of the LMC in line with the requirements of the Governance Structure as well as filing at the regulatory Corporate Affairs Commission (CAC).
The communique was signed by LMC chairman Mallam Shehu Diko, barrister Isaac Danlami chairman Nasarawa United FC and chairman Association of Club Owners, as well as Dominic Iorfa, member of the LMC board.