The Nigeria Football Federation (NFF) and the League Management Company (LMC) have signed partnership deals with global online betting company, 1XBET.
The new deals were announced on NFF’s official website on Sunday.
1XBET, who are in operations in different territories and in association with football in Africa which include sponsorship of the 5th African Nations Championship (CHAN) held in Morocco early this year, join a long list of companies who have gone into partnership with the NFF.
According to the NFF, the contracts are for a period of three years in the first instance, with right of first refusal on expiration, and generally offer to 1XBET, rights of association with the Super Eagles (NFF) and the Nigeria Professional Football League (LMC).
NFF President Amaju Pinnick signed for the Federation while Shehu Dikko, Chairman LMC and NFF 2ndVice President, signed for the league body.
1XBET role in the deal wull be extensive branding and advertising opportunities across Nigerian national team matches and events of the NFF, and are entitled to same across NPFL match venues and LMC events, including opportunity to support broadcast of NPFL matches.
The company will equally benefit from coverage across NFF and LMC official websites and digital platforms.
The benefits to NFF and LMC include components of cash, Value-In-Kind and share of future revenue from Nigeria territory based on agreed parametres.
As part of the VIK, 1XBET will procure (by paying the annual subscription) install (match analysis software) with full access for use by all the national teams and all NPFL clubs, to aid the technical development and scouting of players of the national teams and NPFL clubs.
The company will also partner the NFF and LMC in various projects toward the development of Nigerian football.
Also the NFF announced that apart from the deal with 1XBET the LMC also recently tied up a partnership with OCP Africa, a Morocco-owned fertilizer and agricultural giant with growing business interest in Nigeria, as ‘Official Supporter.’
The company will also have branding opportunities across NPFL events and match venues.
Commenting on the deal, Dikko said: “We are delighted to have secured these partnerships. 1XBET is a global brand with record of associating with football, and this underscores the progress Nigerian Football is making across all levels under the leadership of NFF President Amaju Melvin Pinnick, with the support of key stakeholders. These giant strides emphasize what can be achieved under a stable football environment. Not only do we now have leading domestic brands partnering with our football; international companies are now coming.
“We welcome 1XBET and OCP to our growing portfolio of sponsors and partners and assure them that we will do all we can to make the partnerships win-win situations, and see that value for money is delivered to the brands.”
Eugene Kiryukhin, Director for Development (International Partners) of 1XBET said :“Our objective and strategy has always been driven by the need to stand out from other brands and offer unique and perfect user-experience. We see Nigeria as an emerging marketing with huge potential, and the partnerships with NFF and LMC offer us the opportunity to deepen our brand while supporting football development. Exciting times await Nigerian Football fans and sports-betting enthusiasts with the entry of 1XBET into the Nigerian market.”Copyright © 2020 Completesports.com All rights reserved. The information contained in Completesports.com may not be published, broadcast, rewritten, or redistributed without the prior written authority of Completesports.com.