How Nwakali 2.5 Million Pounds Fee From Arsenal Was Shared Among Diamond, ASJ & Nigeria U20 Coach Amuneke
Published: December 21, 2016
Diamond Academy have released a statement to allnigeriasoccer.com clarifying that they did not renege on the agreement reached with ASJ Academy with respect to the transfer of Kelechi Nwakali to Arsenal.
The agreement witnessed and signed by both Emeka Amajiriaku and Allwell Nwakali on 8th May 2015 stipulated that Diamond will take 65% while ASJ take 35% of the transfer proceeds.
The agreement Diamond Academy had with Stellar Group London was to negotiate separate money for the Nwakali family directly from Arsenal.
However, Stellar Group failed to get money for the family from Arsenal at the end of negotiations. Subsequently, Allwell rejected that arrangement with ASJ and demanded that they (the Nwakali family) should be considered in the arrangement.
“They cited their bad experience with Emma Amunike when their brother Chidiebere Nwakali was transferred, ” Diamond Academy stated.
“Based on this reality, we called back ASJ and re-negotiated to take 15% out of their 35% and match it up with 10% of Diamond’s 65% and give to the family and another 5% taken from Diamond’s share to be given to Emma Amunike for settling the coaching crew and staff of that Under 17 team that won the U17 World Cup in Chile.
“So it was Diamond 50%, Nwakali family 25%, ASJ 20% and Emma Amunike and crew/staff 5%.”
Allwell Nwakali (on behalf of Kelechi Nwakali’s family) received £613,375, Emeka Amajiriaku of ASJ was paid £490,700 in total by Diamond Academy, while the sum of £110,800 (approximately N66 million) representing 5% of 2,250,000 pounds was transferred to Nigeria U20 coach Emmanuel Amunike.
Ifeanyi Emmanuel
The agreement witnessed and signed by both Emeka Amajiriaku and Allwell Nwakali on 8th May 2015 stipulated that Diamond will take 65% while ASJ take 35% of the transfer proceeds.
The agreement Diamond Academy had with Stellar Group London was to negotiate separate money for the Nwakali family directly from Arsenal.
However, Stellar Group failed to get money for the family from Arsenal at the end of negotiations. Subsequently, Allwell rejected that arrangement with ASJ and demanded that they (the Nwakali family) should be considered in the arrangement.
“They cited their bad experience with Emma Amunike when their brother Chidiebere Nwakali was transferred, ” Diamond Academy stated.
“Based on this reality, we called back ASJ and re-negotiated to take 15% out of their 35% and match it up with 10% of Diamond’s 65% and give to the family and another 5% taken from Diamond’s share to be given to Emma Amunike for settling the coaching crew and staff of that Under 17 team that won the U17 World Cup in Chile.
“So it was Diamond 50%, Nwakali family 25%, ASJ 20% and Emma Amunike and crew/staff 5%.”
Allwell Nwakali (on behalf of Kelechi Nwakali’s family) received £613,375, Emeka Amajiriaku of ASJ was paid £490,700 in total by Diamond Academy, while the sum of £110,800 (approximately N66 million) representing 5% of 2,250,000 pounds was transferred to Nigeria U20 coach Emmanuel Amunike.
Ifeanyi Emmanuel
Latest News
- Nigerian exports: Lookman scores and assists; Moffi in red-hot form; Ohio super-sub; Olusanya strikes
- Transfer insider claims Trabzonspor, Crystal Palace-linked striker Iheanacho will leave Leicester this summer
- Southampton loanee Onuachu makes his comeback from injury for Trabzonspor in win v Fatih Karagumruk
- Online SportyBet review: Your gateway to exciting betting and gaming in Nigeria
- NairaBet Casino: Your premier online gaming destination in Nigeria
- 'South Africa is not going to be easy' - Adepoju predicts tough game for Super Eagles v Bafana Bafana
- 'We have the players that can do the job' - Nigeria legend warns Bafana Bafana, Cheetahs ahead of WCQs
- Welcome to the thrilling world of Baba Ijebu online betting
- A comprehensive dive into 22Bet Nigeria: Your ultimate online betting sanctuary
- Welcome to the thrilling world of Bet Bonanza casino online
Football News 24/7
News Categories
- Football Betting
- African Players
- Australia/ Asia
- Belgian Championship
- Bundesliga
- Danish Football
- English Premier League
- Nigeria National Teams
- Nigeria Premier League
- Norwegian Football
- Polish Football
- Russian Championship
- Serie A
- Spanish Liga
- Swedish Championship
- Transfer
- Turkish Championship
- Ukrainian Football
- Uncategorized
- Women's Football