The LMC intends to work with the NFF and NSC to push for legislation to make it mandatory for companies in deals with European clubs to pay percentages locally
Towards curbing capital flight from the nation’s football industry to overseas, the League Management Company (LMC) has revealed that it intends to work with the Nigeria Football Federation (NFF) and the National Sports Commission (NSC) to push the Federal Government for the enactment of a legislation by the National Assembly that will make it mandatory for Nigerian companies entering into sponsorship deals with European Clubs to pay some percentage of the net worth of the deal to the domestic league.
Chairman of LMC, Mallam Shehu Dikko disclosed this at the inaugural sportspro.ng/Lagos Business School workshops which held at the Pan Atlantic University on Tuesday, August 11 and also re-echoed the LMC’s position at the recent World Leagues Forum inaugural meeting in London which sought a percentage of European Leagues’ broadcast and other commercial partnerships deals secured from Nigerian organizations for the airing of live games and other activations in the territory.
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