IMC ties part of Enyimba ₦100m prize to players’ recruitment, facility upgrade
By Emma Ogbuehi
Recruitment of players and development of club infrastructure is a key component of the ₦100m prize money won by Enyimba International as Champions of the Nigeria Premier Football League (NPFL) 2022/23 season.
Chairman of the NPFL Interim Management Committee (IMC), Gbenga Elegbeleye gave the charge to the Club Chairman, Felix Anyansi Agwu during a meeting with the NPFL Clubs Chairmen in Lagos on Monday.
Elegbeleye explained that the prize money which would be credited to the club’s bank account within the week has been tied to strengthening the club to compete favourably on the continent and meet infrastructural conditions set by Confederation of Africa Football (CAF) for hosting the CAF Champions League.
READ ALSO:
BBNaija’s Phyna reacts after Groovy unfollowed her
“Let me again congratulate Enyimba International for emerging the champions but it has to be stated that in line with the developmental trajectories of the IMC and our investment partners, GTI, there is a portion of the money tied to certain projects.
“Of the ₦100m, the club must spend a minimum of ₦25m on quality players’ recruitment to strengthen their squad and be able to represent the country well in the CAF Champions League next season.
“We have seen how deep the squads of clubs from the North African countries are, they recruit some of the best in their country and outside hence their strong showing on the continent. It is the reason we have ensured that a reasonable amount is provided as prize money”, the IMC Chairman explained.
Continuing, he noted that the league body is intent on getting clubs upgrade their facilities to, in the long run, meet requirements for hosting the CAF Champions League.
“Another ₦25m of the prize money must be spent by the club on upgrading of facilities in the stadium identified to fall short of acceptable standards while the remaining ₦50m is at the disposal of the Club to spend as it considers appropriate.
“It is not that the IMC will have anything to do with the actual spending nor determine for the club who executes the project but simply stating the guidelines on the allocation of portions of the prize money”, Elegbeleye further stated.
He said that there would be expansion of the bracket of financial rewards as more sponsors are attracted to raise the financial base of the NPFL.
“Obviously, there is a need to have an inclusive financial reward system to also have clubs benefit based on their positions on the log at the end of the season to also support them in players recruitment and facility upgrade”, he concluded in his address.
Enyimba edged Remo Stars and Rivers United to the league title on goals difference after all three were tied on nine points at the completion of games of the NPFL Championship Play-off in Lagos on Sunday. It was the ninth title win for the twice African Champions.