21st July, 2010
A meeting of the Executive Committee of Nigeria Premier League, NPL next Tuesday will decide on new title sponsor for the League after contract renewal talks with Globacom broke down in Lagos.
Glo’s four-year deal with the NPL lapsed at the end of the current season, and NPL sources say the company, which had the right of first refusal, failed to exercise those rights despite written reminders.
A meeting in Lagos on Tuesday failed to resolve pending issues, including outstanding sponsorship fee of over N900-million due to the League.
As a result, the board is expected to open bids for new title sponsorship when they meet next week in Abuja.
It was gathered that the NPL is ready to hand the title sponsorship to the highest bidder as well as a corporate body that would help develop the local football tourney.
It was gathered that the Premier League is set to advertise invitation for bids for the title sponsorship of the league in due course.
Reports from NPL revealed that the process of throwing open the bidding is to ensure transparency in the arrangement of getting a new league sponsor for the country’s Premier League which begins next month.