Simba’s new sponsor commits blasphemy, shuts down Yanga
Simba’s new sponsor commits blasphemy, shuts down Yanga
The CEO of Simba’s club, Barbara Gonzalez, has said that M-Bet’s act of sponsoring them is after seeing their value. The company has signed a five-year contract with Simba worth Sh26.1 billion.
Speaking to journalists, Barbara said that M-Bet is a large betting company in Tanzania and has invested in large clubs in Tanzania and East Africa and that is why they have signed the contract.
“M-Bet has met our needs, you can’t see them going to other places to sponsor clubs here,” said Barbara and added; “Our contract with M-Bet is only for the senior team, the youth and women’s teams are not related to this contract, maybe if we open a new page”
The company enters as the main sponsor of the club after finishing its contract with Sportpesa and the distribution of funds will be as follows:
Simba’s new sponsor commits blasphemy, shuts down Yanga
First year – Sh4.670 billion
Second year – Sh4.925 billion
Third year – Sh5.205 billion
Fourth year – Sh5.514 billion
Fifth year – Sh5.853 billion The
total is Sh26,168,5000 of the contract for five years within Simba.