The League Management Committee (LMC) have sealed a four-year TV right deal worth N5.27 billion with Super Sports for the coverage of the Nigerian Premier League.
The deal will run from 2015 to 2019, LMC have announced on Monday.
“Announcement: TV rights deal worth $34 million agreed with SuperSport for the #GloNPFL. The deal will run from 2015 to 2019,” League Managenemt Committee wrote on its twitter handle.
The TV deal will kick off from 2015, according to the chairman of the League Management Company, Nduka Irabor.
“Even though the amount is a far cry from what we need it would go a long way in changing the league,” disclosed Irabor
“With this Nigerians, will have the pleasure of watching six matches a week. And this means happier days are ahead.
“This contract has also seen Supersport assuring that Nigerians who are working with them will have their jobs secured at least till 2019.”
He added: “It’s also important to know that for every year beginning from this year, they have agreed to give us $2m per year beginning from the season meaning we will be having more money in the league.”
The Nigeria Football Federation were recently handed a cheque of N25m being their own share of the N550m sponsorship money received by the League Management Committee.
The LMC had shared N208m among the 20 clubs playing in the NPL, but have refused to make any statement on how the sponsorship fee is being shared.
The N208m being shared among the clubs represents less than 38% (38% is N209m) of the sponsorship fee, and the N25m being handed to the NFF does not accurately represent any percentage of the fee, as 5% of the sponsorship money totals N27.5m
But the latest development could pave the way for more good things to come.