With several clubs still struggling to meet with the
requirements and pre-conditions of the league which kicks-off next week, the
League Management Company (LMC) has made considerations on its demands in order
to enable the Nigeria League to resume as scheduled.
At the consultative meeting held in Abuja, the LMC
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, instead of paying the guarantee in one lump sum,
clubs are allowed to pay in quarterly instalments 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 also waived the payment of Registration Fees and
Insurance premium by Clubs, instead the LMC will subscribe to an enhanced
Insurance policy covering all players and Match Officials for the 2013/14
season.
LMC chairman Nduka Irabor however urged the clubs to take
advantage of the waivers to improve the welfare of players and officials.
Culled from Kickoffnigeria
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