FAZ reveal eye-watering new MTN sponsorship deal
The Football Association of Zambia have announced a new sponsorship deal with telecommunications giant MTN, with FAZ President Andrew Kamanga confirming the details of the partnership in a statement on Monday.
MTN are committing to backing Zambian football to the tune of $4.5 million over three years, with Kamanga revealing that the league winners now stand to pocket 500,000 Zambian Kwacha - the equivalent of just over $52,000.
FAZ's previous sponsorship deal was $3 million over three years, and the increase will see all 20 Zambian top flight clubs receiving K200,000 - a significant leap from the K7,000 that they were previously set to earn.
"All participants in the MTN Super League are guaranteed a participating fee of K200, 000 compared to K7, 000 for the last finishers on the league previously," Kamanga began, as per a statement on FAZ's official Facebook page. "This presents a 2,757% increase.
"The Association is particularly excited with MTN's decision to increase its sponsorship package to US1.5 million per year with US$300, 000 being in kind.
"This new contract increases remuneration packages for all 20 Super League teams with the league champions guaranteed K500, 000 from K250, 000 which represents a 100% increase."
The Zambian national side are also set to receive $750,000 in sponsorship, according to the Lusaka Times.
MTN Zambia's Chief Executive Officer Charles Molapisi also expressed his delight at the ongoing partnership between the telecoms heavyweights and Zambian football.
"Today, we are proud to be associated with the success scored by FAZ over the period of our strategic partnerships," he said.
Zambian teams endured mixed fortunes in the CAF Champions League First Round during the weekend, as Zanaco were eliminated by Swaziland's Mbabane Swallows and ZESCO United battled back from a first-leg deficit to oust ASEC Mimosas on away goals.