Transfer: LMC places embargo on 17 clubs
The League Management Company (LMC) has slapped clubs that are yet to fulfill their financial obligations to players with transfer embargoes, amongst other heavy sanctions, kickOffNigeria.com reports.
The LMC revealed that only three of the 20 clubs in the topflight have been able to establish that they have met their obligation to players at the end of the first stanza of the season.
The three clubs are – Kano Pillars, Abia Warriors and Bayelsa United. While 17 other clubs have not responded to a July 18 deadline to establish proof of compliance.
A statement from the Chief Operating Officer of the LMC, Salihu Abubakar, said the three clubs have as a result been the only Glo Premier League clubs that can buy players or secure players on loan in the on-going mid-season transfer window.
The LMC had pursuant to Sections 8.1.1 and 9.46 of the 2013/14 Rules and Frameworks, which deals with clubs’ Finance and Players Remuneration respectively, through a letter dated July 10 directed all clubs to provide evidence of compliance to payment of players’ wages.
The letter requested the clubs to furnish the LMC with such evidence that may include electronic or hard copy of clubs’ payroll, evidence of payment including bank transfers or signed vouchers and any other proof the club may make available.