All the 20 Clubs that participated in the recently ended 2013/14 Glo Premier League season have been paid the Financial Merit Award as well as received their television coverage incentive.
Chief Operating Officer (COO) of the League Management Company (LMC), Salihu Abubakar confirmed that remittance of the N75m set aside for the season’s Merit Award to the clubs have been completed last week.
The LMC had increased by 50% the Glo Premier League annual Merit Distribution Award. It raised the total amount to be shared by the 20 clubs from N50m in the 2012/13 season to N75m in the last season.
“Payment to the clubs was approved by the LMC Management during the last week and we have made the remittance to the clubs' bank accounts based on their standing on the league table with Kano Pillars earning the highest amount of N15m while the lowest earning of N1.5m was by Nembe City.
The merit award represents cash earnings shared to the 20 clubs in the Nigeria Professional Football League (NPFL) sponsored by Globacom Limited relative to their placing on the final league table ratified by the league body. LMC Chairman, Hon. Nduka Irabor had weeks ago announced the new award value which meant clubs earned 50% higher than what was paid for particular positions on the table.
Abubakar said television coverage incentive was also introduced at the start of the season to encourage the Clubs activate programs that will draw fans to the stadium and build good spectacle and television friendly ambiance during live broadcasts.
“The television broadcast incentive seeks to support clubs increase match attendance through fan activation programs that will create the right football spectacle on live broadcast match days. It was also meant to discourage the hostile reception to broadcast partners by the home teams”, explained Abubakar.
The LMC said revenue distribution amongst clubs would continue to increase as the league continues to enjoy friction free and stable seasons and described the 2013/14 season as relatively stable compared to the previous season that was bedeviled by fixture disruptions. Observers believe that it is only under a stable atmosphere that the league can attract potential sponsors from businesses in and outside Nigeria that would exploit the huge investment market inherent in the league.