Sports
National Sports Festival: Oyo athletes to receive rewards soon – Govt. reacts
Oyo State Athletes who won medals at the Edo 2020 National Sports Festival will soon receive their cash rewards soon, as the Ministry of Youth and Sports has already received the Governor’s approval for the rewards meant for the medalists.
Mega Icon Magazine, had earlier reported that the Athletes who represented the state are groaning over inability to receive the cash promises made by Governor Seyi Makinde three months after the reception held for the medalists at the governor’s office.
The governor pledged to facilitate the payment within two weeks after his pronouncement. However, according to the athletes, ‘no kobo’ was received from the state government.
But, the Chief Press Secretary to Governor ‘Seyi Makinde, Mr. Taiwo Adisa, in his reaction on Monday, added that the governor remains committed to the promises he made when he hosted the athletes shortly after the games.
According to the statement, each of the athletes concerned would soon receive the cash rewards as promised by the Governor.
“His Excellency, the Governor has already given necessary approvals for the release of the funds and the Ministry of Youth and Sports should be in possession of the cash in a short while,” the statement read.
Governor Makinde had, while hosting the athletes after the games, promised a cash reward of N500,000 for each gold medalist; N350,000 reward for silver medalists and N250,000 reward for each bronze medal.
He had also announced that the coaches would be rewarded with N500,000 each.
The only gold medalist who competed in shotput and discus is to get an additional N1 Million, while the paralifting athlete will also be given an additional N1 Million.
Adisa maintained that the athletes will be rewarded in a short while, urging those affected not to lose confidence in the administration, which he said has shown huge commitment to welfare of the athletes.
He said: “The Governor has approved the cash rewards for the medalists and coaches in the Oyo State contingent to the Edo 2020 Sports Festival.
“Once the Ministry of Youth and Sports completes the processing, the athletes will receive their rewards.
“His Excellency made it clear while hosting the athletes that they should rest assured that they would get their due rewards. The processes are almost completed and everyone will be duly rewarded.
“It will be recalled that His Excellency pointed out how he met a 2018 file containing the unfulfilled promises made by the immediate past administration to the State’s athletes and how his Government had immediately paid the athletes involved, even when it was an inherited promise.
“Some of the athletes might have expressed worries that the processes towards the release of the funds took a bit of time, but with Governor Makinde, who has proven himself over the time as a Governor who makes and keeps his promises, such worries should not be entertained.
“The athletes should rest assured that their rewards are close to being released by the Ministry. It’s no longer a matter of long wait.
“With the level of commitment shown to sports development by Governor Makinde, the promises cannot go unfulfilled. In no time, each athlete and coach will get their rewards.”
Sports
German Coach, Labbadia Named New Head Coach of Super Eagles
The Nigeria Football Federation (NFF) has confirmed the appointment of German tactician Bruno Labbadia as the new Head Coach of Nigeria’s Senior Men’s National Team, the Super Eagles.
This development was announced by the NFF General Secretary, Dr. Mohammed Sanusi, in the early hours of Tuesday, following the approval of the NFF Executive Committee based on a recommendation from its Technical and Development Sub-Committee. Labbadia’s appointment takes immediate effect.
Born on 8th February 1966 in Darmstadt, Germany, Labbadia enjoyed a distinguished playing career, earning two caps for the German national team. His club career included stints at prominent clubs such as Darmstadt 98, Hamburger SV, FC Kaiserslautern, Bayern Munich, FC Cologne, Werder Bremen, Arminia Bielefeld, and Karlsruher SC. Notably, he won the Bundesliga title with Bayern Munich in 1994.
Labbadia’s coaching career has seen him manage top-tier clubs such as Hertha Berlin, VfB Stuttgart, VfL Wolfsburg, Hamburger SV, and Bayer Leverkusen, among others. He holds a UEFA Pro License and is well-regarded for his tactical acumen.
With his appointment, Labbadia becomes the sixth German to lead the Super Eagles, following in the footsteps of Karl-Heinz Marotzke, Gottlieb Göller, Manfred Höner, Berti Vogts, and Gernot Rohr. Höner notably guided the Super Eagles to a runner-up finish at the 1988 Africa Cup of Nations, while Rohr qualified Nigeria for the 2018 FIFA World Cup in Russia.
Labbadia’s immediate task is to prepare the Super Eagles for their upcoming 2025 Africa Cup of Nations (AFCON) qualifying matches.
Nigeria will face Benin Republic on Saturday, 7th September in Uyo, and Rwanda on Tuesday, 10th September in Kigali. The team will also play four additional qualifying matches in October and November as they aim to secure a spot in the 2025 AFCON, scheduled to be held from December 21, 2025, to January 18, 2026.
The Super Eagles, placed in Group D, will face familiar foes Benin Republic, who recently defeated Nigeria in the 2026 World Cup qualifiers. The draw for the AFCON qualifiers, held in Johannesburg, South Africa, last month, also sees Nigeria taking on Libya and Rwanda, both of whom are also part of the Super Eagles’ group for the 2026 World Cup qualifiers set to be hosted in the USA, Canada, and Mexico.
Labbadia’s appointment comes at a crucial time as the Super Eagles look to regain their dominance on the African continent and secure qualification for both the AFCON and the World Cup.
Sports
Finidi George Appointed as Technical Manager for Rivers United
Finidi George has stepped into a new role as the technical manager for NPFL side, Rivers United, following his resignation as coach of the Super Eagles.
During his brief tenure with the Eagles, George’s 1-1 draw against South Africa in Uyo and a 2-1 loss to Benin Republic in Abidjan cast doubts on Nigeria’s World Cup qualification, prompting calls from fans for his dismissal.
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Nevertheless, Rivers United, the 2021-22 champions, expressed optimism in a statement on Wednesday via their official handle about having the former Eagles international manage their team.
“Finidi brings a wealth of experience and expertise to our team, having had a distinguished playing career spanning over fifteen years,” the statement read.
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Dr. Okey Kpalukwu, General Manager of Rivers United FC, welcomed George, stating, “We are delighted to have Finidi George join our team. His appointment marks a new chapter in our club’s history, and we are committed to working together to achieve success.”
Expressing his gratitude to the club, an elated George remarked, “I am honored to have this opportunity, and I thank the Sports Commissioner, the General Manager, and the supporters for their confidence in me. I am committed to working hard and making the team win.”
Sports
US Fund Oaktree ‘Takes Over Ownership’ Of Inter Milan
Inter Milan were taken over by US fund Oaktree on Wednesday after the Serie A champions’ outgoing owners Suning missed a deadline to repay a debt worth hundred of millions of euros.
In a statement, Oaktree announced they had “assumed control” of Inter after the non-repayment of a “three-year loan to Inter Milan’s holding companies that matured on 21 May 2024 with a total balance due of approximately 395 million euros ($428 million)”.
Chinese conglomerate Suning have relinquished control of Inter to Oaktree three days after the team were officially crowned Italian champions for the 20th time.
Suning borrowed 275 million euros at over 12 percent interest three years ago to pay staff and players as the Covid-19 pandemic ravaged the finances of clubs across Europe, putting up their controlling stake in the club as collateral.
“Oaktree is dedicated to achieving the best outcome for the long-term prosperity of Inter Milan, with an initial focus on operational and financial stability for the Club and its stakeholders,” Oaktree continued.
Inter became a powerful force at home and abroad after Suning acquired the club in 2016, with seven trophies including two Serie A titles and two European finals.
Simone Inzaghi’s team cruised to this year’s championship, winning the Scudetto with five matches remaining by beating AC Milan in a thrilling local derby.
Oaktree, which manages $192 billion in assets, said they are “committed to working closely with Inter Milan’s current management team, partners, the league and governing bodies to ensure the Club is positioned for success on and off the pitch”.
Inter ended up in the hands of Oaktree in a manner similar to the way another US fund, Elliott Management, took control of their local rivals Milan in 2018.
Elliott became Milan’s owners when Chinese businessman Li Yonghong was unable to repay a loan he had taken out when he bought the club from the late Silvio Berlusconi’s Fininvest the previous year.
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