Lagos - The League Management Company (LMC) and managers of
the Glo Nigerian Premier League clubs have reached an agreement to kick start
the 2013/14 season with the approval of N1.2 billion budget, after a
consultative meeting held on Tuesday.
Amongst decisions agreed upon is the kick-off of the league
on March 7, according to a statement signed by LMC representative, Salihu Abubakar
and secretary of club managers, Alloy Chukwuemeka.
“The meeting jointly affirmed that 2013/14 Glo Premier
League season shall commence on the weekend of Friday March 7th 2014 through
Saturday 8th and Sunday 9th. The meeting also agreed that Tuesday, March 4th
shall be the cut-off date for return of all registration materials by Clubs to
“The meeting adopted the financial Report of the 2012/2013
Season and also approved LMC budget proposal of N1.2 billion for the 2013/2014
“The meeting once again reiterated that the provision of
Performance Guarantee of N100 million from an approved financial Institution
remains an irrevocable requirement for registration to participate in the
2013/2014 league season. However, clubs are allowed to provide the guarantee in
quarterly installments of N25 million and any defaulting Club shall be liable
to forfeiture of six points, six goals and a further withholding of the
defaulting Club’s financial entitlement from the sponsorship rights.”
“The LMC has waived the payment of registration fees and insurance premium by clubs and further to this, the chairman Nduka Irabor
charged the clubs to take advantage of the waivers to improve the welfare of
Players and Officials.”
“The indemnity of match officials and commissioners was
reviewed upwards by also 25% starting from the 2013/14 league season.”
“The LMC Chairman also announced a 50% increase in the Merit
Award from N50 million naira of the 2012/13 season to N75million for the
“To ensure equity in the schedule of live broadcast matches, clubs that have any of its home matches televised live shall receive N250, 000.
However, if for any reason such as unsuitable stadium and security challenges,
a club is unable to host live broadcast match, the home game of the club shall
be played on any other television-friendly venue.”
“The LMC also announced the introduction of a bridging
pension scheme in line with the pension fund act, for players in the premier league
as part of efforts aimed at ensuring better future for the players after active
football. The LMC shall pay the employers 7.5% portion of the contributory fund
in the first year as required by law”, the statement concludes.
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