If the news below is accurate...Nigeria is then set to take its rightful position among the body of nations.

The League Management Company (LMC) Limited has reached a television rights deal worth $34 million with South African group of television channels, SuperSport.

LMC, which is in charge of the Nigeria Professional Football League (NPFL), announced the deal on its twitter handle, @LMCNPFL. It said the TV rights deal is expected to take off from 2015 and run for four years.

LMC Chairman Nduka Irabor, while unfolding the package in Abuja on Monday, said that though the deal takes effect in two years’ time, there is an agreement for some funds to be released from this year.

“It is important here to add a sweetener. They are willing to add some of these monies in advance. So for every year starting from this year, they will give us two million dollars in advance, that’s about 320 million naira ($1.9 million). We can rule the league very well now.”

Under the broadcast agreement, South Africa-based Supersports will televise six matches from the Nigeria domestic league each week. The frequency of the broadcast is expected to graduate every year into the contract.

“We are have now secured a steady cash flow and in a good position to run the league and help the clubs in meeting their obligations,” Irabor said.

“The broadcast rights deal will have a multiplier effects on our football as five million Nigerians will watch our domestic league matches on television. In the long run, our desire is that the Nigerian league will attract the same enthusiasm in the same latitude as the English Premier League, Spanish La Liga and German Bundesliga.”

http://businessdayonline.com/2013/08/nigeria-league-gets-34-million-tv-rights-deal/

Good news though...But take off time of the contract is too far. Secondly,the sponsor money may be lion-shared by power unseen. This naija!

HolyTruth: In the long run, our desire is that the Nigerian league will attract the same enthusiasm in the same latitude as the English Premier League, Spanish La Liga and German Bundesliga.”

Yea, right!

Mazi_Omenuko:

Yea, right!

You don't even believe in your name " Omenuko"..so why will I even bother. The earlier you delete the slave mentality from your brain the better for you.

how much will be allocated to each of the teams.

only if the money will be well untilized and channeled into the right direction. i pray mk e no disappear at the end of the daY.

hope they can now build some better stadiums and also buy good cameras from the money. welcome development sha

This guys no get time woo, so they no know say nigeria go soon divide.

Does it mean, we can now sign foreign european players to our local clubs if not so then I'm not interested.

Really?

Appliedmaths.:
Does it mean, we can now sign foreign european players to our local clubs if not so then I'm not interested.

Okpo who d'beg u 2 b interested b4 kwanu

Wel dis is a step towards d'ryt direction,a journey of a thousand mile starts wit a step....kudos 2 hoeva made it possible

So we can now buy mourinho

na waste of money kus dem go stil disgrace demselves score 76-0 4 1 match...na me tok am!!

Mazi_Omenuko:

Yea, right!

i just wanna tell u that i love all you stories..u re a bomb man...@topic...thats great...really wanna see eyimba lift d trophy...dont know why bayelsa united lost...well..they are still tied in points sha...but Eyimba all the way

Decapo: So we can now buy mourinho

who be mourinho

instead of dem 2 use d money 2 develope our pure water sector...dey ah wastin it on half dead players n obesse officials

PLEASE, DON'T ;LET THE CLUB OWNERS TOUCH IT

THEY WOULD EAT IT UP

and how much be my share?

fake fake news evry day

Great, let's hope this improves the publicity of our league

We will see, if the deal can hold waters if oil money begins to dry up.

We no go surprise if the whole cash vanish tomorrow!

Besides, who bilivs Nigerian jornalism anyway?

Small time u'll here the chairman say: 'na 0.34millon dollars o. We no knw where dem see $34m o'.

And in truth, na who dey watch wey TV deals reach $34mills?

Fantasic development.The English premier league is what it is today because of Tv rights sponsorship money,not even Barclays who are the name rights owners. I hope this 34M UsD will be further reviewed subsequently in years to come to about $1B (hey! You, stop laughing there) and more matches televised and not just 6 out of a possible of 10 games.congrats to Npl tho.

A league makes less than what leBron James makes in a year($40m). See life

nijanigga: We will see, if the deal can hold waters if oil money begins to dry up.

so bad u dnt believe in naija. To me dats a very good development