In a surprising turn of events, Rivers United, despite falling short of winning the NPFL title and losing it to their rivals Enyimba, emerged as the highest income-generating club in the 2022-23 season.
Rivers United’s Revenue Soars Despite Losing NPFL Title to Enyimba
Despite their disappointment in the league, Rivers United’s remarkable performance in continental competitions propelled them to the top of the earnings chart, surpassing both Enyimba and other NPFL teams.
Rivers United’s Journey:
Despite finishing third in the NPFL Super Six play-offs, which resulted in their qualification for the CAF Confederation Cup, Rivers United’s fortunes turned in their favor in continental competitions.
Their impressive run on the continent, as one of Nigeria’s representatives, significantly contributed to their earnings, setting them apart from their NPFL counterparts.
CAF Confederation Cup Success:
Rivers United’s campaign in the CAF Confederation Cup was the highlight of their season.
Although they were knocked out in the quarterfinals by Young Africans of Tanzania, their journey earned them a substantial sum of N254 million.
This achievement, combined with their NPFL participating fee of N10 million, brought their total earnings for the 2022-23 season to an impressive N264 million.
Enyimba’s Runner-Up Position:
Enyimba, who clinched the NPFL title, secured the second-highest earnings in the league.
Along with the N100 million prize money for winning the Nigerian league, Enyimba’s participation in the Dozy Mmobousi Super Cup, where they finished as runners-up, added another N30 million to their earnings.
Their NPFL participating fee stood at N10 million, resulting in a total income of N150 million.
Shooting Stars SC’s Strong Performance:
Shooting Stars SC of Ibadan, despite not claiming the NPFL title, showcased their prowess by emerging as champions in the Dozy Mmobousi Super Cup.
This victory earned them a substantial prize money of N100 million.
In addition to their NPFL participating fee of N10 million, Shooting Stars SC’s total income for the season amounted to N120 million.
Bendel Insurance’s Earnings:
Bendel Insurance secured the fourth position in terms of income among NPFL teams.
Their earnings were determined by their performance in the Tingo Federation Cup, where they received either N25 million or N10 million, depending on their position.
With a Dozy Mmobousi Cup participating fee of N10 million and an NPFL participating fee of N10 million, the Benin Arsenal’s total earnings amounted to N45 million or N30 million, depending on their position in the Tingo Federation Cup.
With an impressive total income of N264 million, Rivers United showcased their financial prowess, surpassing Enyimba and other NPFL teams.
The Pride of Rivers during NPFL Super Six Playoffs
The club’s success serves as a testament to the various revenue streams available in Nigerian football and highlights the importance of participating in continental competitions for financial gains.
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