Another milestone event towards enlisting Nigeria Professional Football League (NPFL) clubs in the securities and exchange market has been scheduled for Tuesday, April 4 on Awolowo Road, Ikoyi.

At the event, eight of the clubs nominated at the last Annual General Meeting (AGM) of the League Management Company (LMC) for the pilot scheme would meet with financial, banking and legal advisors that were shortlisted following a recent Expression of Interest (EOI) call made by the LMC.

Read more: LMC, NASD and 18 Issuing Houses meet Tuesday in Lagos  

The League Management Company (LMC) has shifted focus to ensuring strict compliance with safety measures at match venues against the backdrop of rising numbers in spectatorship at matches of the Nigeria Professional Football League (NPFL).

Over the past four seasons, the LMC has been working with clubs on strategies to win back fans to match venues after years of dwindling attendance attributed to such reasons as lack of fidelity of match outcomes, poor quality of pitches and absence of adequate security amongst others.

Read more: Increasing Spectatorship: LMC goes tough on stadium safety requirements  

An enlightenment campaign to support the Federal Government’s drive to generate revenue through an expanded base of tax payers’ population is to be launched by the League Management Company (LMC) in partnership with the Federal Inland Revenue Service (FIRS).

The partnership will see the LMC offer FIRS the NPFL platform to engage the public through message displays on match day perimeter boards, distribution of messages on fliers and use of public address systems at match venues to relay tax education messages.

Read more: LMC, FIRS partner on Tax Education Campaign at NPFL matches  

The League Management Company (LMC) in partnership with over the counter securities market operator, NASD Securities Exchange took a major step towards bringing private sector investment into the Nigeria Professional Football League (NPFL) when on Monday, March 13; financial advisors were invited to bid for appointment to work with eight of the 20 NPFL Clubs shortlisted for the pilot project.

The financial advisors are to serve as consultants that will prepare the clubs to meet regulatory requirements for enlistment in the stock market and be eligible to attract investment either through being publicly quoted or attract direct financial investment from individuals or investment groups.

Read more: LMC invites bids from financial advisors to manage club enlistment in securities market  

Two of the three Nigeria Professional Football League (NPFL) Clubs indebted to the ailing Coach Kelechi Emeteole, the League Management Company (LMC) has remitted the amount which represented salary claims by the coach on the two clubs.

Following reports of indebtedness of the clubs to the coach, the League Management Company (LMC) intervened and made the payment which will now be deducted from their Annual Basic Award.

Read more: LMC intervenes in clubs' indebtedness to Emeteole  

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