Pillars Pocket N15m From NPFL Title

Nigeria champions Kano
Pillars is expected to receive a cash prize of 15 million Naira (less than $100,000) for winning the 2013/2014 Nigeria Professional Football League (NPFL).
This is a 50% increase from the 10 million Naira they earned last season as champions.
The League Management Company (LMC) announced on its official website of 50% increase in Premier League annual Merit Distribution Award.
This means the 20 clubs who featured in the Nigeria top flight league this season will share 75 million Naira as against 50 million Naira they shared last term from the Financial Merit award.
The merit award represents cash earnings shared to the 20 clubs in the Nigeria Professional Football League (NPFL) sponsored by Globacom Limited in accordance with their placing on the final league table ratified by the league body.
LMC chairman, Nduka Irabor, who announced the new award value, said the increment was connected to uninterrupted league season.
”We have enjoyed the continued loyalty and support of our partners and we definitely will generate more revenue to further raise the Financial Merit Award if peace and compliance to regulation is observed by all stakeholders,” he said.
”It is only under such a conducive atmosphere that the league will attract potential sponsors from corporate Nigeria and even beyond our shores to exploit the investment opportunities in our football.”
He added:”Last season, we had a pool of N50m from where clubs shared based on their final placement on the log, but this season, the share-out is N75m representing 50% increase across all positions.
”It therefore means that any club that improved on its position last season will receive even higher than 50%.”
Irabor said this much when he noted a further breakdown of the Merit Award Distribution shows that the first runner-up will smile to the bank with N11.25m, while the third-placed team gets N7.5m.
And whereas the least placed club got N1m last season, the earning this season is N1.5m, the breakdown further showed.
”The Financial Merit Award, apart from being a financial incentive to the clubs also aims to encourage competitive spirit amongst the clubs also seeks to raise the quality of our clubs’ performances. It is consistent with our stated policy to make the Clubs benefit from sponsorship revenue according to their performance in the season,” explained the LMC chairman.
The breakdown shows that the top 10 teams would be sharing N56.025 million, while the lower 10 clubs would share just N18, 975, 000 which is less than 25% of the total Merit Distribution.
The distribution order shows that the 4th placed team will receive N3.75m while N3.15m, N2.925M and N2.85m will go to the fifth, sixth and seventh placed teams. Others are N2.775m, N2.7m, N2.625m and N2.55m for the 8th, 9th, 10th and 11th placed clubs.
A further breakdown shows that N2.475m, N2.4m, N2.25m and N2.1m will be received by the 12th, 13th, 14th and 15th placed clubs while from 16th to 19th will receive N1.95m, N1.875m, N1.8m and N1.575m respectively.
All payments will be made immediately after the NFF Congress ratifies the season’s placement.