Lagos-based Nath Academy to smile to the bank with Wilfred Ndidi’s transfer to EPL champions Leicester City News

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Lagos-based Nath Academy to smile to the bank with Wilfred Ndidi’s transfer to EPL champions Leicester City

By News Express on January 5, 2017

The biggest joy of every grassroots team is to see their player(s) make it to the top echelon of football by signing a big deal with a top European football club. The raison d’etre of a grassroots club is to develop players for big time football and when they are able to do that the sense of pride is hugely immense.

For Lagos-based Nathaniel Boys Football Academy, their pride will swell a million fold with the recent transfer of their protégé Wilfred Ndidi to Leicester City, reigning champions of the English Premiership.

Ndidi has just agreed an about five-year deal to join Leicester from Belgium Division 1 side Genk and the deal costs Leicester about £15 million.

Nathaniel Academy, by this transfer, are due for some big bucks from the money Leicester City paid as transfer fee. FIFA laws require that grassroots sides who contributed to the training and development of a player must be compensated in such instances as this, where the player makes an international transfer.

The money Nathaniel Boys are to receive is part of what is called solidarity payments.

The term “solidarity payments” is commonly used to describe distinct regimes for the distribution of money within the football community, including:

i. Sums payable to clubs involved in a player’s training, upon a player registering for the first time as a professional player, or upon the international transfer of a player before the end of the season of his 23 birthday, calculated by reference to a specified formula; and,

ii. Sums payable to clubs involved in a player’s training and education, upon the international transfer of a player (prior to the expiry of his employment contract), calculated by reference to the amount of the transfer compensation.

Source News Express

Posted January 5, 2017