FC Ifeanyi Ubah hands team N150m war chest after reshuffling Management

The Management of FC Ifeanyi Ubah, in a bid position itself for a successful outing in next season's Confederation Cup, has reshuffled the Management of the team with the appointment of Japanese-American and former Accra Hearts of Oak Coach, Kenich Yatsuhashi as Head coach.

In a statement released by the club on Wednesday, the management of FC Ifeanyi Ubah said that it had also approved and released N15million as cash reward to the players, Management and the supporters club in appreciation for their commitment and dedication throughout the season.

The statement read:

"The Management of FC Ifeanyi Ubah has concluded its end of Season meeting and is poised to reposition the club for greater heights and a successful CAF Confederation Cup campaign.

Management of FC Ifeanyi Ubah has approved and released cash reward(winning bonuses) for the players, management and the supporters club to appreciate them for their commitment and determination throughout the season and the eventual triumph as follows:

a) N10,000,0000 for the footballers

b) $10,000 for the Head Coach/Technical Director, Mitko Dobrev and Assistant Coach, Rafael Everton

c) N3,000,000 for the management and coaching staff

d) N2,000,000 for the supporters club.

The Management has also approved a minor reorganization in the top echelon of the coaching staff aimed at rejigging the team. In this regard, Management is pleased to announce the appointment of Kenichi Yatsuhashi, a Japanese-American and former Head Coach of Accra Hearts of Oak as the new Head Coach of FC Ifeanyi Ubah. He holds a USSFA and National Youth Coaching licence, a CONCACAF Internatonal Coaching licence, an NSCAA Goalkeeping Diploma and a KNBV Advanced Diploma, IFA GK Certificate and FIFA and FIFA/AFC Grassroots Certificate.

Management is also pleased to announce the appointment of Mr Yaw Preko as the new Assistant Coach/Physical trainer of the Club. Yaw Preko joins Fc Ifeanyi Ubah from Accra Hearts of Oak where he was acting Head Coach. Yaw Preko is also currently the Acting Head Coach of Ghana's national Team (Black Stars of Ghana) and a former top striker in Turkish football club, Fenerbahce S.K.

Management has also promoted its Bulgarian Head Coach, Mitko Dobrev to the position of the Technical Director of the Club whilst its Brazilian Assistant Coach, Rafael Everton has been offered to retain his position as the Assistant coach in addition to a new role as Head Coach, Youth Development of the FC Ifeanyi Ubah football Academy.

On another note, following the successful utilization of the N100,000,000 war chest handed down to the team by the Management during the mid season, Management is pleased to announce the approval and release of the sum of N150,000,000 to the club for the enhancement of the club, signing of additional players and vigorous preparation for next season's CAF Confederation Cup, Nigeria Professional Football League as well as Federation Cup.

Management is also pleased to announce that it has also concluded plans to commence on a two-week European tour of 5 countries including the United Kingdom, Greece, Spain, Portugal and Turkey.

The road show, presentation of the cup to the people of Anambra State and official unveiling of newly appointed technical officials will take place on the 16th of November, 2016.

Management once again thanks all its supporters, coaching crew and players for their supports so far."