NFF, AITEO sign N2.5bn sponsorship deal for Federation Cup

Posted on Jun 29 2017 - 3:04am by admin

tales through Joe Apu

 

The Nigeria soccer Federation, NFF and its premium partner Aiteo group in a bid to avoid wasting the Federation Cup the day before today signed a N2.5 billion sponsorship deal in an effort to see the competitors run with out hitches for the next five years.
Given the new deal which had extended Aiteo staff sponsorship with the soccer governing physique in Nigeria, the match could be renamed the Aiteo Cup .This was once demonstrated after a sequence of meetings between NFF officers led with the aid of the President, Amaju Pinnick who confirmed the information at a press conference in Lagos.
“We need to rejoice and thank Aiteo,” Amaju Pinnick told score Nigeria in Lagos all over unveiling ceremony on Wednesday. The package deal will assure a monetary reward for the most effective performing teams with the winners of fellows’s model will bag N25million as prize money and N10million for the women’s adventure. The runner –up for the lads’s competitors will pocket N10million, with the runner –up for the women’s event going home with N5million. The NFF and AITEO will, in due course, unveil further important points of the entire advantages of the extended agreement at a press convention.
The country’s longest running competition had struggled for sponsorship given that Coca-Cola pulled out as title sponsors several years ago.
FC Ifeanyiubah won last 12 months’s competitors and represented Nigeria within the 2017 CAF Confederation Cup.
The arrangement will see AITEO underwriting the costs of the corporation of the competition, which encompasses the costs of organising the competitors from the round of sixty four to the men and women’s finals, harmony improve to football Associations of the 36 States and the FCT, bills and indemnities of healthy officials, toughen to participating golf equipment, Media, Branding/Activation and Prize money to winners.
the associated fee price association of the transaction is for NFF and AITEO to, once a year, make a decision the nature and value proposition of the AITEO Cup below the framework of the relationship, and AITEO would thus underwrite the fee because the competition’s ‘Naming proper Holder.’
The NFF team on the contract signing within AITEO workforce’s Lagos place of business mentioned it was once “extraordinarily delighted” via the extended settlement, whereas AITEO chieftains stated “we’re chuffed to try this for Nigeria.”

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