Victor Osimhen Causes Frenzy With New Deal to Earn N206.6m Weekly: “Money to Change a Generation”

Victor Osimhen Causes Frenzy With New Deal to Earn N206.6m Weekly: “Money to Change a Generation”

  • Renowned Nigerian footballer Victor Osimhen has committed to Napoli by extending his contract until 2026
  • The annual worth of this renewed contract stands at N9.9 billion (10 million euros), translating to N830.5 million per month and N206.6 million per week
  • Nigerians turned to the internet to convey their amazement at the substantial deal the athlete has secured for himself
  • Femi Fabunmi, a sports analyst, weighed in on the lucrative business of international football clubs

Popular Nigerian footballer Victor Osimhen, who was named the best footballer in Africa, has extended his contract with Napoli until 2026.

The new contract is valued at N9.9 billion (10 million euros) per annum, translating to N830.5 million per month and N206.6 million per week for the U-17 World Cup winner.

Victor Osimhen lands new deal
Victor Osimhen will be earning N206.6m weekly. Credit: @victorosimhen
Source: Instagram

The new agreement states that any club wishing to acquire the Nigerian gem from Napoli must be prepared to pay 130 million euros (N129.5 billion).

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A report from football-italia.net states that Aurelio De Laurentiis, president of Napoli, personally revealed the latest development by uploading photos of Osimhen signing the papers, which included the term "done!"

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Sky Sport Italia, Fabrizio Romano, and others have reported that Osimhen's new remuneration is the figure after taxes.

However, some of his proud countrymen took to the internet to express astonishment at the enormous deal the sportsman had bagged himself.

See the post below:

Nigerians' reaction to Osimhen's new contract

Legit.ng compiled the reactions below:

@Morris_Monye:

"Ahmed Musa has 300 houses in Lagos too. Haba! And I was a good footballer in my young days o."

@TheTifeFab_:

"This is cap sha coz even the contract terms no dey disclosed to public."

@Morris_Monye:

"Very important. That’s money to change an entire generation."

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@Inno4Chi:

"There are over 10,000 professional footballers playing in Nigeria. The idea of 'football money' has to be contextualized always.
"Even in England if you're not in the Premiere League or a few clubs in the championship you won't be rich."

@Chuc__kki:

"Why we dey calculate another man money??? No news again for Naija?"

@OfficialLevi_O:

"I won't be surprised to hear that he has received a letter from Tinubu through FIRS, to pay his taxes."

@frankystalker:

"My former clerk is in Madrid youth something for medicals. I hope remembers I was a good boss."

International clubs make good money from different avenues - Femi Fabunmi

Femi Fabunmi, a sports analyst, spoke on how these football clubs generate sufficient revenue to compensate players buoyantly.

"These clubs make enough to pay players and still meet up with other exigencies.
"Clubs profit from Brands, Sponsorship, Advertisements on Jerseys, and pitch side screens. They also get money from League organizers for participation.

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"They make money too from participating in International competitions like the Europa UCL Conference league. Not forgetting ticket sales on matchdays. Moreso, football being an investment, clubs also make profit from sales or transfer of players."

Victor Osimhen prostrates to greet his former school teacher

Legit.ng recalls reporting when Super Eagles striker Victor Osimhen recently visited his childhood school teacher, Augustina Atanda.

The video of the Napoli striker going on all fours to greet his former teacher went viral online as netizens hailed the footballer's humility.

Source: Legit.ng

Authors:
Chinasa Afigbo avatar

Chinasa Afigbo (Editor) Chinasa Afigbo is a pop culture/music journalist and content writer with over four years of experience in other mainstream media organisations, including Vanguard Media and Guardian Life. She holds a degree in Information Management Technology from the Federal University of Technology, Owerri (FUTO). She also moved on to pursue courses in writing & media communications. Chinasa has also been published in other Intl journals, like The African Report. Reach her at: chinasa.afigbo@corp.legit.ng.