Association advises league boards on financial regulations for clubs | Dailytrust

Association advises league boards on financial regulations for clubs


A non-governmental organisation (NGO), Association for Better Organised Nigerian League, has urged the various league bodies in the country to come up with tight financial regulations for football clubs.

Coordinator of the association, Vincent Akinbami, while addressing newsmen on Sunday in Kaduna, also said the association wanted a proper check on players’ contracts and local transfers.

“This will help increase the cash movement within the league system and among the clubs.

“It will also help eliminate a situation where funds will be entering the pockets of club officials and not the clubs themselves, and will keep them circulating funds within the system,” he said.

Akinbami,who is also the Vice-President of Osun United Football Club of Osogbo, added that since clubs do not want a change, it becomes imperative that the league boards should force a change.

“The clubs will not intentionally want to make a change. The league boards must put in place control measures to regulate the clubs, which will help keep and increase funds within the sector.”

He pointed out that there were so much leakages in the football sport, and in the running of the system.

“Good financial regulations, corporate governance and proper monitoring of players movement, as well as adherence to players’ contracts will help build the financial status of the club’s and create more employment in the football sector,” Akinbami stated.(NAN)

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