The Lagos State Football Association, LSFA, has expressed regrets over the expulsion of 1472 FC from the Nigeria National League.
LSFA Chairman, Hajji Gafar Liameed said this in a statement on Wednesday.
Liameed stated that the decision is a big lesson for other teams to ensure financial stability before they dabble into football business.
“Recently the LSFA held a meeting with football stakeholders and potential investors, where we advised and suggested a consensual funding plan called, ‘Football Clubs Indemnity Account’,”; Liameed stated.
“We advised clubs to make the deposits to the FA for their full season’s financial stability. Having a healthy account balance with the FA, will provide them with financial flexibility, which will cover operational expenses, game days funds and players and staff salaries.
“If that had been done before the season, no club would be expelled from any of the leagues.
“We shall revisit the proposed financial plans and hope the clubs embrace the idea, for their development and sporting benefits.”;
DAILY POST recalls that 1472 FC were expelled from the League following their refusal to honour three matches.
