In a bid to improve its revenue base, the Nigeria Football Federation (NFF) may have concluded arrangements to renegotiate the sponsorship deal it entered into with Globacom for the sole sponsorship of the national teams.
The telecommunication company has the exclusive right of the sponsorship of all the national teams of Nigeria for an annual fee of N350 million.
However, all the money does not accrue to the federation as a certain marketer is said to take 20% of that sum.
A dependable source at the NFF Secretariat told Sports Vanguard exclusively that the federation which is facing a huge financial meltdown is seriously considering mustering the courage to call for a renegotiation of the deal which many analysts believe has never been in the interest of the federation. Read more