OwnGoalNigeria - Dev
No Result
View All Result
  • About us
  • Ads Listing
  • Contact us
  • home
  • Home
  • Home 2
  • Mgid verifications
  • More News
  • PRIVACY POLICY
  • Sport News
OwnGoalNigeria - Dev
No Result
View All Result
OwnGoalNigeria - Dev

LMC Announces Record Prize Money For Winners Of Nigeria Professional League

September 28, 2016
in Nigeria
A A
Jos High Court Reserves Ruling On LMC Appeal Against Giwa FC
Share on FacebookShare on Twitter

Champions of the 2015/16 Nigeria Professional Football League (NPFL) season stand to win N40m from the Merit Award of the League Management Company (LMC). Rangers International of Enugu and Rivers United of Port Harcourt are the two clubs in contention for the big prize money from a total of N200m pool set aside by the LMC as reward for final position on the league table at the end of the season on Sunday.

Last season, the highest payout from the Merit Award which went to Enyimba International was N30m from a total pool of N150m and this year’s figure of N200m represents an increase of 25%. The Merit Award pool has been witnessing an annual progression from N50m in 2012/13 to N75m in 2013/14 season and now N200m. The top three Clubs on the final table usually received the chunk of the Merit Award which supports the clubs financially in their preparation for the CAF Club competitions the next season.

According to figures released by the LMC, the champions would have received a minimum of N90m in all direct payments for the 2016 season including the Basic Award which comprises of pool of funds shared equally amongst all the 20 participating clubs, the Merit award paid to clubs based on their final position on the table, the Football development and the Bonus award which is paid to clubs based on performances including incentives for improving match attendance, away wins/draw, fielding players under the age of 18 and hosting live broadcast matches.

The lowest placed team in the NPFL this season would thus have received a upto N55m in direct payments from the LMC from all payment Centres.

Related Post

New Super Eagles Striker Targets Summer Exit After Switching To New Agent

Newly Promoted English Premier League Side Step Up Attempt To Sign Lanky Super Eagles Striker

July 2, 2025
Honest Ahanor- Teen Left Back Wanted By Italy And Super Eagles Joins Ademola Lookman At Atalanta

Honest Ahanor- Teen Left Back Wanted By Italy And Super Eagles Joins Ademola Lookman At Atalanta

July 2, 2025
We Have Found The New Isak – Swedish Side Celebrate Signing Of Nigerian Striker Zadok Yohanna

We Have Found The New Isak – Swedish Side Celebrate Signing Of Nigerian Striker Zadok Yohanna

July 2, 2025
Ministerial Backing – NFF Ponders Handing Super Eagles Job To Samson Siasia

Mikel Offered Me Bribe To Join My Olympic Team – Siasia Hit Back At Ex Super Eagles Captain

July 1, 2025

A statement from the LMC explained that “in addition to the direct payments clubs do also benefit from other indirect payments such as free registration of players and officials, free insurance, payment of match officials’ indemnities and hotel accommodation as well as sponsored seminars and other engagements funded by the LMC”.

Rangers are three points ahead of Rivers United with the Flying Antelopes hosting El-Kanemi Warriors at the Nnamdi Azikiwe Stadium now called The Cathedral by Enugu fans needing a point to guarantee the title while Rivers United go hunting for three points in Uyo against Akwa United. The Port Harcourt side will seek to win big while hoping that Rangers will falter against their visitors.

Next Post

REVEALED: How Nigeria Legend Jay Jay Okocha Is Helping Nephew Iwobi Stay Focus

Hint Of Racism As Finnish Side SJK Sacks Nigerian Alongside Other Black Players

About

The best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

  • About us
  • Ads Listing
  • Contact us
  • home
  • Home
  • Home 2
  • Mgid verifications
  • More News
  • PRIVACY POLICY
  • Sport News

© Copyright OwnGoalNigeria.com

No Result
View All Result
  • About us
  • Ads Listing
  • Contact us
  • home
  • Home
  • Home 2
  • Mgid verifications
  • More News
  • PRIVACY POLICY
  • Sport News

© Copyright OwnGoalNigeria.com