Big blow for league

Big blow for league

MASERU – Metropolitan Lesotho is ending its seven-year association with the Top 4 Independence Cup with the 2018 edition being the last time it sponsors the annual showpiece.
Metropolitan made the announcement on Tuesday at the launch of this year’s tournament.
The insurance company has sponsored the competition alongside Standard Lesotho Bank since 2011 and the news comes as a big blow to the Premier League Management Committee (PLMC).
Metropolitan cited the slump in the economy as the reason for its withdrawal while co-sponsor Standard Bank said it will sit down and decide whether to continue next year.
Newly-elected PLMC chairman Ikarabele Sello said the league has enjoyed working with both sponsors for the past seven years adding both have contributed greatly to development of football in the country.

Last month Metropolitan forked out M360 000 to buy kits for six Econet Premier League clubs – Likhopo, Liphakoe, Majantja, Sefotha-fotha, Galaxy and Swallows.
“We as the PLMC have immensely benefited from our collaboration with our Top 4 sponsors and their contribution to the development of football, particularly in the premier league, is recognisable and without their efforts football would have taken a knock,” Sello said.

“While we have heard that due to the recession that the world is experiencing one of our sponsors will not be with us in the next tournament and greatly appreciate the reasons advanced for not continuing, we appreciate the contribution in the 2018/19 season that our sponsors have shown to those seven teams that were donated kits and their continued support in sponsoring three of our premier league teams,” he said.

Sello pleaded with Standard Lesotho Bank to maintain their sponsorship of the Independence Cup.
“To Standard Lesotho Bank, your continued support is well appreciated and we hope to continue with our partnership and will within reasonable time start to engage you in how best we can collaborate to ensure that this tournament which has its roots in the history of our nation continues to thrive. It is acknowledged that the current recession is massive and without any turnaround strategy its continued impacts may indeed immensely affect our partnership,” Sello said.

Tuesday’s launch at Bambatha Tšita Sports Arena saw the PLMC receive sponsorship money to the tune of M1 million for the 2018 Independence Cup from Standard Lesotho Bank and Metropolitan Lesotho.

The money will go towards the organisation of the tournament and the prize monies for teams and individual awards.
The winning team will walk away with M200 000 and the four teams competing for the honours this season are Lioli, Matlama, Lesotho Defence Force (LDF) and the defending champions Bantu.
The tournament will be hosted at Setsoto Stadium at the end of October with the draw set to be made later this month.

Sello said the last seven years have been incredibly enjoyable and the lessons the league has learnt through social corporate responsibility will be passed down to other teams.
He said teams should not only give back to the community during this period of the Independence Cup but throughout the year.
“Thank you Metropolitan for the harmonious relations we had throughout the last seven years and (I) plead with the football fraternity to ensure their continued support of Metropolitan is not abated by severing ties in the tournament,” Sello said.

“To Standard Bank, thank you for your continued unwavering support for the last seven years and, all being well, for the next five more years.”

Prizes:

Winners: M200 000
Runners up: M100 000
Third place: M70 000
Fourth place: M50 000
Individual prizes:
Top Goal scorer M6 000
Man of the Match M3 000
Player of the Tournament M8 000
Goalkeeper of the Tournament M6 000
Referee of the Tournament M4 000
Assistant Referee of the Tournament M2 000

Luciah Phahla

Previous Alarm bell rings for Majantja
Next All roads will lead to Mokhotlong

About author

You might also like

Sports

Kick4Life revolution continues

MASERU – The Kick4Life revolution continues. One week after confirming Bob Mafoso as the club’s new coach, the Old Europa side continued their wheeling and dealing by adding two young talents

Sports

Baptism of fire for Swallows

MASERU- Econet Premier League newcomers Swallows received a harsh welcome to the elite league last weekend as they were outclassed in the preseason Alliance Winter Challenge. The tournament was a rude

Sports

Paamo off to Switzerland

MASERU – Budding Lesotho female cyclist ‘Makhotso Paamo of St. Mary’s High School is headed to Switzerland in all expenses paid trip to compete at the 2018 Red Bull Pump Track