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    MarketForces Africa » MarketForces News » Eguavoen to Lead Eagles, as German Tax Laws Botch NFF, Labbadia Deal

    Eguavoen to Lead Eagles, as German Tax Laws Botch NFF, Labbadia Deal

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 31, 2024 News No Comments2 Mins Read
    Eguavoen to Lead Eagles, as German Tax Laws Botch NFF, Labbadia Deal
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    Eguavoen to Lead Eagles, as German Tax Laws Botch NFF, Labbadia Deal

    The deal between the Nigeria Football Federation (NFF) and the new Super Eagles Coach Bruno Labbadia have been aborted.

    The News Agency reports that the NFF had earlier announced on Tuesday that it had reached an agreement with German tactician, Labbadia to become the Head Coach of the Super Eagles.

    However, a statement by Ademola Olajire, NFF’s Director of Communications, on Friday quoted the NFF President, Musa Gusau as saying that the deal between the NFF and Labbadia had been botched.

    Gusau explained that stringent regulations of German tax authorities had conspired to abort the agreement between the NFF and Coach Labbadia.

    “We have been on the tax issue for the past three days.

    “I told him clearly that there was no way the NFF will agree to offset the concomitant tax percentage on his salary that will be demanded by German tax authorities.

    “It is not possible for us to shoulder the responsibility of shelling out another money, between 32 per cent to 40 per cent of his salary, after paying the agreed monthly wage.

    “The NFF and Labbadia reached an agreement in principle before we made the announcement that he would become the Head Coach of the Super Eagles.

    “The tax details were never part of our discussions, and he had personally agreed to all terms before the tax issue came up.

    “We were doing our best to be flexible in the discussions but he was adamant that the NFF had to pay the full tax amount as well. We simply cannot do that,” Gusau said.

    He added that with the latest development, Technical Director of Nigeria Football Federation, Coach Augustine Eguavoen will now take charge of the Super Eagles.

    Eguavoen will lead the team for the upcoming 2025 Africa Cup of Nations qualifying matches against Benin Republic in  Uyo, Sept. 7 and Kigali, Rwanda Kigali, on Sept. 10.

    NAN  reports that this would be Eguavoen’s fourth stint in charge of the three-time African champions, after earlier experience in 2005 to 2007, 2010 and 2022. #Eguavoen to Lead Eagles, as German Tax Laws Botch NFF, Labbadia Deal

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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