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Sports

NFF President seeks support to generate N18 billion from NPFL TV annually

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Nigeria Football Federation (NFF) President, Amaju Pinnick, has said that the Nigerian Professional Football League Television is expected to generate N18 billion annually.

The 2020/21 Nigerian Professional Football League resumed on 27th December, 2020 after being shut down since March. This news has received a lot of buzz from Nigerians at home and in the diaspora.

READ: Wapic Insurance signs sponsorship deal with Nigeria Football Federation

The NFF President, who spoke on Channels Television’s Sunrise Daily programme, said he and his administration projected making N18 billion from the NPFL TV annually, as there were plans to make the NPFL TV an integral part of the economy.

“We are projecting about almost N18 billion that we will be making from it every year… It is going to have a huge impact on the economy because we are looking at an economy beyond oil, beyond other areas,” he said.

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READ: European Champions, FC Bayern Munich taps into blockchain

The NPFL TV is free to the air at the moment. It will be free till 21, January, 2021, then after it’ll require a #1500 subscription.

The NFF boss sought the support of Nigerians. “We appeal to Nigerians to give us support. Our traducers, come and join us. Let us build this together.” he added.

READ: Top Nigerian Sports Personalities of the Year 2020

READ: MultiChoice partners Walt Disney Company Africa, adds ESPN to sports channels

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Cryptocurrency

Ex-Real Madrid Striker, David Barral becomes first-ever footballer to be bought with Bitcoin

Former Real Madrid Striker, David Barral has become the first-ever footballer to be bought with Bitcoin.

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Former Real Madrid striker, David Barral, makes transfer history as he became the first-ever professional player to be bought solely with virtual currency, Bitcoin.

Spanish third division side, DUX Internacional de Madrid, simply known as Inter Madrid, has officially signed the 37-year-old after teaming up with their new sponsors, Criptan that deals in cryptocurrency, The SUN reports.

Inter Madrid who are part of DUX gaming, eSports club owned by footballers Borja Iglesias and Real Madrid star, Thibaut Courtois, is yet to disclose the total value of the deal.

READ: Football: AC Milan announces loss of €195million

The Segunda Division B club went to Twitter to welcome their new signing and thank their sponsor.

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“David Barral new player of DUX Internacional de Madrid, welcome to the infinite club! He becomes the first signing in history in cryptocurrencies. Thanks to Criptan, our new sponsor, for making it possible,” the club tweeted.

The 37-year-old, who made over 50 appearances playing in the Real Madrid reserve side, expressed his delight at his latest move. Barral has also played for Spanish La Liga clubs Sporting Gijon, Levante, and Racing Santander.

“Glad to join the project of @interdemadrid with eager ambition and responsibility to continue competing and achieve important challenges in my sports career,” he wrote on his official Twitter handle.

READ: Real Madrid leapfrogs others to emerge the world’s most valuable football club

What you should know

  • A similar deal was when a Harunustaspor, Turkish amateur side, paid 0.0524 Bitcoin (£385) plus 2,500 Turkish Lira in cash (£841) for Omer Faruk Kıroğlu in 2018.
  • Back in December, Carolina Panthers offensive tackle Russell Okung became the first high-profile athlete in the United States to be paid in bitcoin.
  • Similarly, the Mark Cuban-owned Dallas Mavericks became the second NBA franchise to accept Bitcoin as a means of payment for both game tickets and merchandise.

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Sports

Football: Southampton announces £76.1m loss for 2019/20 financial results

Premiere League side, Southampton FC has revealed a UK£76.1m loss in Covid-hit 2019/20 financial results.

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English Premier League club, Southampton Football Club, has reported a net loss of £76.1million for the fiscal year of 2019/20 ending in June 2020, due to the significant impact of the devastating Covid-19 pandemic.

READ: This is why Dangote may drop plans to buy Arsenal FC

Key highlights of its FY 2019/20

  • Southampton FC incorporated by St Mary’s Football Group Ltd, posted a decrease in the overall revenue down to £126.6m which represents a nosedive of £23m compared to £149.6 reported in the fiscal year of 2018/19, with the net loss before tax up from £41m.
  • As a consequence of the English Premier League ending before 30 June 2020, broadcasting revenue fell to £93.5m compared to £112.8m in 2019 – a drop of £19.3m, despite the Saints finishing 11th in the 2019/20 Premier League season (five places higher than the previous season).
  • With the suspension of the league in March 2020, until Project Restart, which led to matches played behind closed doors, matchday revenue fell to £14.5m with a £2.5m drop compared to £17.0m in 2019.
  • Project restart also coated them an additional £1.5m of net additional costs of sales and administrative expenses in order to enable the men’s first-team squad to train and conclude the 2019/20 season in a COVID-19 secure environment.
  • The Saints reported that the total 2019/20 revenue foregone as a highlight of the significant impact of the devastating Covid-19 pandemic over the financial year was £10.3m, with a further £20.9m revenue deferred into the year ended 30 June 2021.
  • However, the club said revenue would have shown up a £8.2m (5.5%) increase up to £157.8m for the 2019/20 fiscal year, had it not been lost or deferred due to the ongoing Covid-19 crisis.
  • The transfer business was significantly impacted as the Summer 2020 transfer window did not open until July 2020, after the financial year ended.  The sales of Charlie Austin and Gallagher in the Summer 2019 window helped see a profit of £13.9m compared to £20.9m made in 2019.

READ: Manchester United: A football club or a business

What the Southampton FC MD is saying

Southampton Managing Director, Toby Steele, said:

  • “As with many companies and industries, the group is in the midst of a challenging financial environment due to the impact of the Covid-19 pandemic. This is reflected in the financial results for 2019/20 and necessitated the group to restructure its debt facility during June 2020. Despite these challenges, our group-wide staff have shown great resilience, facilitating a smooth return to training and matches for men’s and women’s teams across all age groups, as well as the return of fans, albeit briefly, during season 2020/21.
  • “We also have great pride in the work of the Saints Foundation, in particular the collaboration with group staff in the ‘Saints as One’ initiative during the early stages of the pandemic. The ongoing support of our fans, many of whom purchased a 2020/21 season ticket at a time when the return of football was unknown, is greatly appreciated and it is our hope to get fans back where they belong, supporting all our teams in person, in greater numbers as soon as possible.”

READ: Manchester City owner, Sheikh Mansour spends £760k on old FA Cup Trophy

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Sports

Manchester City owner, Sheikh Mansour spends £760k on old FA Cup Trophy

Manchester City owner, Sheikh Mansour has paid almost £760,000 to buy the oldest surviving FA Cup.

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Manchester City owner, Sheikh Mansour bin Zayed, purchased the 1896–1910 Football Association Challenge Cup (FA Cup) at an auction.

The FA Cup was the first trophy won by Manchester City 116 years ago when they defeated Bolton Wanderers 1-0 in 1904 final, making the Manchester club the first professional football club from Manchester to capture a major honour. They are now the proud custodian of their first trophy.

READ: Barcelona overtakes Real Madrid on biggest earners’ list 

The club tweeted, “We are delighted to announce we are now the proud custodian of the 1896–1910 #FACup following the recent purchase of the trophy at auction by Club owner, His Highness Sheikh Mansour bin Zayed.”

READ: Manchester United: A football club or a business

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READ: Billionaire, Uzor Kalu wants to buy 35% stake in Arsenal FC

Etihad chairman, Sheikh Khaldoon al-Mubarak, on commenting on the purchase said: “This Cup is a visible reminder of the rich and long history of English football to which Manchester City is inextricably entwined.

READ: Solskjaer sanctions Pogba and Lukaku’s €212 million sale amidst low budget

“Winning this actual trophy in 1904 was a turning point for the Club and for the city of Manchester in that it firmly cemented football in the heart of its community.”

READ: Chelsea Football Club owner sells gold mining stake for $1.4 billion

What you should know

  • The cup was previously the property of West Ham co-owner, David Gold, before he put it up for sale last year September by an anonymous buyer which is now revealed to be Manchester City’s owner.
  • Auctioneers Bonhams had announced that a particular item of silverware was sold for £760,000 ($1.03m).
  • The cup is the forerunner of the current FA Cup and also the oldest surviving piece of FA Cup silverware in England and the one first used in 1871 stolen from a shop while on display following Aston Villa’s triumph in 1895 and that was the last time it was seen.
  • Originally, there were fears that the trophy would be bought privately and taken overseas, before Mansour stepped in to ensure the trophy will remain in England for the benefit of English football.
  • The trophy has been offered to the National Football Museum in Manchester, England on loan, where it has been housed for the past 16 years, 2005.

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