The Country’s leading Passenger Transportation Company AXA, has gone into a 3 year partnership with Nyasa Big Bullets following a call from Nyasa Manufacturing Company on bringing co-sponsors to the team.
The partnership deal will see AXA providing a middle class coach to the People’s team
This comes barely after a day the team received a timely boost donation of bottled water from Universal Industries ahead of the CAF Champions league clash against Platnum Fc of Zimbabwe.
Our follow up has learnt that the K100 million which the NMC pumps into the peoples team could not tally which the rumored K230 million which happens to be the annual budget for the peoples team. In 2017 the Bullets executive asked for an increased sponsorship from NMC.
Then NMC revealed plans to bring in co-sponsors the company’s board chairperson Konrad Buckle responding to the query said.
“We have heard it [the proposal to increase sponsorship] from the grapevine, but it hasn’t come on my desk yet.
“What I can say is that we are already pumping more than the committed sponsorship, we are way beyond contractual obligations.[Therefore], at this point, I would say it is difficult to commit an increase in sponsorship, suffice to say we are looking at various avenues such as bringing in co-sponsors. There are a couple of potential partners that we are talking to behind the scenes,” he said.
According to the team’s financial report as of 2016, Bullets spent about K230 million and they were forced to get a loan of over K40 million from the sponsor to settle the players’ signing-on fees.
The team also got K25 million advance sponsorship meant for the new season and Lipipa hinted that they would ask NMC to consider increasing the sponsorship package to be in line with the club’s budget then.
NMC signed a K500 million five-year sponsorship agreement with Bullets early 2016 year translating to an annual sponsorship of K100 million.