Naledi Funeral Planners and Bantu launched a landmark M2.4 million sponsorship of the Mafeteng giants this week.
The momentous deal is for three and a half years and marks the largest ever sponsorship of a sports club in Lesotho.
The launch was held on Tuesday at Botleng Guesthouse in Ha-Makhoathi and on top of the sizeable windfall the defending champions will be receiving, Naledi also announced a burial policy for Bantu and their fans from which the Mafeteng giants will earn a share of monthly profits from every policy paid.
Speaking at Tuesday’s launch, Naledi’s chief executive officer (CEO), Thabiso Madiba, said negotiations started some time ago and the relationship with Bantu finally became effective in December.
Tuesday was the official signing of the sponsorship and for the first six months of the deal Naledi will give Bantu M50 000 on a monthly basis before giving the club R60 000 every month for the next three years.
Naledi has only been operating in Lesotho for nine years and that they are able to commit such figures into football is nothing short of a miracle.
It is also testament to the meteoric growth the company has enjoyed.
When giving a background of the burial company and detailing how it started, Madiba became emotional and had to take a brief break before continuing his speech.
It does not come as a surprise that Madiba is spearheading a sponsorship of this magnitude given his entrenched history in local football, and his never-ending desire to bring change to the local game.
His journey started back in 2008.
At the time he was employed by Alliance Insurance and after realising the struggle league teams had with kits, he had an idea to approach Matlama and offered them a sponsored kit.
Alliance would buy Matlama a home and away kit to use all season and, in 2009, ‘Tse Putsoa’ became the first team in Lesotho to have two official kits for a season.
After Matlama, Alliance approached Lioli and then Lesotho Correctional Service (LCS) shortly afterwards and until today all three clubs still enjoy the benefits and a relationship with Alliance Insurance.
“I was a football player when I was at Alliance (and) I learned how things are done and what was different about Lesotho and other countries,” Madiba said.
“I realised it is only here that all teams didn’t have a sponsor, they had companies that were donating kits; one (player) would don Adidas, one (had) Puma, as long as the colour was yellow and black. Before every weekend, teams would decide which jersey they were going to use,” he said.
“I had a dream to change football in Lesotho, many did not think it would happen given the culture in football at the time. I went to Matlama to say, ‘let me give you kit sponsorship, have one for home and one for away (games).’
“They didn’t understand at the time because they had 10 different kits. Alliance supported and Matlama was the first team to wear two colours for the year,” Madiba explained.
When other companies realised Alliance was taking over the football scene they stepped in and Metropolitan Lesotho struck a relationship with Bantu in 2011.
Madiba said Naledi is a Basotho-owned company that started from the ground and it was not easy to be where they are now. He said Naledi are happy when people are living.
He said every Friday when their drivers are making deliveries, they are always happy when the deliveries are fewer because it means they are not losing money.
“If you sell insurance products you make money through premiums people pay, if there is death it’s a loss to us. In order to make money and grow, this company (wants to) sustain the welfare of Basotho and keep them healthy, and what more if we can invest in sports?” he said.
“We want to grow the Mafeteng community in every way through Naledi’s products and we asked Bantu to help us to use their name so that the Mafeteng community can look at us as one of their own,” Madiba said.
Bantu president John Leuta said they are happy to have Naledi on board and challenged his marketing team to help the company by showing the club’s supporters the importance of having Naledi in this journey.
“We are happy to have you, this partnership took time, we were looking at this to make it right for the Mafeteng community,” Leuta said.
“You see when two giants meet – Naledi’s brand that is growing fast, and Bantu’s brand. To show you how Bantu’s brand is growing, if it was a dollar, it would be down because of the draws we have had (in the league recently), given the noise (we have heard). I promise you that was the end of it.”