06 Oct 2016 17:00pm
WINDHOEK, 06 OCT (NAMPA) - Namibia Premier League (NPL) chairperson Johnny J. Doeseb says they have secured a commitment of N.dollars 9 million of the budgeted N.dollars 24 million for the 2016/17 football season.
Speaking at Football House in the capital on Thursday, Doeseb said Groot Property Group has agreed in principle to avail N.dollars 9 million to the NPL for the next three years.
We knocked on many doors and today we are proud to say we have secured Groot Property Group as our bronze sponsor for the next three years. We engaged 37 companies and out of these, only two responded positively. This means we must still raise a further N.dollars 21 million so as to resume the premier league, he said, without mentioning the other company.
The NPL has designed four sponsorship packages namely platinum (worth N.dollars 24 million); gold (N.dollars 15 million); silver (N.dollars 5 million) and bronze (N.dollars 3 million).
It is difficult to find a company in Namibia that will give us N.dollars 24 million annually to support football hence we came up with these packages, explained the NPL chairperson.
The league's corporate communications manager Cassius Moeti said the deal has been agreed to in principle, but the two company lawyers are busy thrashing out the final details of agreement, which is then expected to be signed by the end of next week.
Groot Systems and NPL will be working together for the next three years. They have committed N.dollars 9 million for the duration of our agreement, he said.
Asked when the season will commence, Doeseb said that will be communicated to the public as soon as the entire N.dollars 24 million has been raised, effectively meaning that the season is unlikely to be played this year.
No representative of Groot Property Group was present during the announcement.
The company, also known as Groot Systems, is owned by Simon Kapenda, who has previously promised to construct a 900 megawatt (MW) combined cycle turbine gas power plant in Walvis Bay and a multi-million dollar glass factory at Tses in the South.
According to the companys website, it also plans to construct a multimillion dollar mall near the Etosha National Park and six mega food processing facilities in the Kavango West, Omusati, Omaheke, Zambezi and Oshikoto regions.
The company said it is a world-leading infrastructure development company focusing on implementing applied neuroeconomics and systems dynamic to efficiently explore, develop, and manage self-sustained advanced industrial ecosystems for the slow-developing and stagnant economies in the world.
The NPL found itself without a sponsor following the expiry of a three-year contract between Mobile Telecommunications Limited (MTC) last year. Attempts to keep MTC on board failed after the NPL failed to raise an additional N.dollars 9 million to supplement the N.dollars 15 million made available by the telecommunications company.