in

Sport Pesa to Pull the plugs on Sponsorship

Betting firm Sport Pesa is expected to withdraw sponsorship for local sports clubs and unions beginning January due to the 35 per cent tax on revenue. The withdrawal will begin on January 1, 2018, CEO Ronald Karauri announced during a meeting at a Nairobi hotel on Friday.

     style=”display:block”
     data-ad-client=”ca-pub-8949997355617647″
     data-ad-slot=”2032895814″
     data-ad-format=”auto”>

ALSO READ  Mourinho aiming to add quality to his squad

(adsbygoogle = window.adsbygoogle || []).push({});

Karauri noted the cost of doing business will be affected by the finance law that President Uhuru Kenyatta signed on Wednesday, days after he had refused to over the threat of gambling. “Our cost of doing business will be greatly affected…we have to consider the impact on operating besides partnerships,” he said.

ALSO READ  AMAZING!!! jesse lingard bullet goal gives united FA cup trophy

Via Twitter, the firm said: “We will be giving notice to clubs and unions that from January 1 we will withdraw all sponsorships.” Sport Pesa’s move will affect AFC Leopards, Gor Mahia, the Kenya Boxing League and rugby teams.

Leave a Reply

Your email address will not be published. Required fields are marked *

PSG come looking for mbappe

Former Real Madrid player – Arbeloa hangs his boot