Onyebuchi Abia, Kanu’s manager, has publicly confirmed that Kanu no longer owns the Nigeria National League (NNL) side, Papilla fc.
Kanu was said to have been frustrated that the team don’t perform and decided to sell the team.
Abia said Kanu will divert his finances to his youth football academy.
“Yes, I can confirm to you that he has sold Papilo FC,” Abia said in a telephone conversation.
“His plans now is to channel his finances on his pet project, the Kanu Academy, which he adores as a future project.
“He does not want to be drawn into the stories that teams that win in the league are teams that spend money and not the best teams.
“Kanu is a major stakeholder in Nigerian football and desires all that’s positive for Nigerian football.”
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