Wednesday, May 19, 2010

World Cup: Super Eagles to earn N700m

The Super Eagles will earn as much as N700 million in allowances, bonuses and appearance fees at the World Cup in South Africa if the Eagles reach the final on July 11.
This will be outside the 25 percent of the $8 million (N1.18 billion) qualification fees Nigeria will receive if the Eagles survive the group stage. Nigeria could not go beyond the first round at the Korea/Japan 2002 World Cup and the football federation believes the Eagles have the quality to get to the knockout stage inspite of being in the same group with Argentina, South Korea and Greece.
The N700 million is more than 70 per cent of the total budget (N700 million) the Federal Government approved for the NFF, an amount the National Sports Commission (NSC) has insisted on being entrusted with the responsibility of managing.
According to an official of the federation, each player will be entitled to a daily allowance of $200 (about N30,000) meaning that one month stay in South Africa each will be paid $6000, and for 23 of them it would amount to $138,000.
The players will also be entitled to appearance fees as well as match bonuses which graduate upwards as the Eagles progress at the World Cup. The bonuses and allowances exclude what will accrue to the technical crew.
However, coach Lars Lagerback will not receive any bonus in the first round of the World Cup. He would only receive a bonus when the Eagles reach the knockout stage of the championship.
At the Africa Cup of Nations earlier this year in Angola, each squad member received about $80,000 in combined payments as the Eagles placed third in the competition. Nigeria play Argentina on June 12 at the Ellis Park Stadium in Johannesburg.

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