NFF kicks of negotiation with Glo for N350m contract for national teams

The Nigeria Football Federation (NFF) is set to kick off negotiations with telecom giants Globacom for the sponsorship of the Nigerian national team.

Glo is the chief sponsors of the national teams of Nigeria and pay an annual fee of N350 million to the NFF for the exclusive rights.

According to Vanguard Newspaper, a certain marketer has been getting 20% of the sum as stipulated by the contract.

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The NFF are now looking to bypass the marketer and have included that in their next proposal for negotiations with Glo.

“The truth is that the NFF, as a federation cannot continue with this arrangement because the money they are paying is peanuts compared to what is obtainable in other places,” an NFF source is quoted to say in the report.

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“It is only here that all the national teams are handed over to one organization and yet somebody collects 20% of that sum as a consultant.

“If we were able to manage with that unfavourable arrangement, the present reality in the country does not support that anymore, which makes it imperative for things to be done differently and I am sure the board is already doing something about it.”