Sports / Local
BancABC to renew Bosso deal
21 Dec 2013 at 03:07hrs | Views
HIGHLANDERS Football Club principal sponsors BancABC are renewing their sponsorship of the Bulawayo giants.
"We are definitely renewing the contract, all is in order in terms of negotiations," said a senior executive at the bank.
The Bulawayo giants' two year marriage with the financial institution ends at the end of this month and a majority of their fans have been eager to know whether there will be any extension or not.
Speaking to Chronicle Sport on condition of anonymity last night, the senior executive at the financial institution allayed fears of a pull out, saying that negotiations were almost complete with the two parties just tying up a few loose ends.
"We are definitely renewing the two contracts," the executive said referring to the two deals with Bosso and Dynamos.
He added: "It's just a matter of time really. As a bank we are happy with the way things have been going especially at Highlanders. It's always easy to deal with them because all they do is above board".
The official, while not giving exact figures, said the new deal was likely to see the bank increasing the package for Highlanders.
"Officially, our deal with Highlanders and Dynamos was worth $360 000 each but on the ground we have spent close to $700 000 on each club. So in our negotiations we are also taking into account the prevailing economic conditions that these clubs operate in and I can safely say that the new deal will be around that figure, it's going to be massive," said the official.
The bank is expected to revamp the club house, resuscitate the borehole to water the three fields at the club house so that in the long run they will be used as training fields, saving the club a lot of money on ground rentals elsewhere.
"We are definitely renewing the contract, all is in order in terms of negotiations," said a senior executive at the bank.
The Bulawayo giants' two year marriage with the financial institution ends at the end of this month and a majority of their fans have been eager to know whether there will be any extension or not.
Speaking to Chronicle Sport on condition of anonymity last night, the senior executive at the financial institution allayed fears of a pull out, saying that negotiations were almost complete with the two parties just tying up a few loose ends.
"We are definitely renewing the two contracts," the executive said referring to the two deals with Bosso and Dynamos.
He added: "It's just a matter of time really. As a bank we are happy with the way things have been going especially at Highlanders. It's always easy to deal with them because all they do is above board".
The official, while not giving exact figures, said the new deal was likely to see the bank increasing the package for Highlanders.
"Officially, our deal with Highlanders and Dynamos was worth $360 000 each but on the ground we have spent close to $700 000 on each club. So in our negotiations we are also taking into account the prevailing economic conditions that these clubs operate in and I can safely say that the new deal will be around that figure, it's going to be massive," said the official.
The bank is expected to revamp the club house, resuscitate the borehole to water the three fields at the club house so that in the long run they will be used as training fields, saving the club a lot of money on ground rentals elsewhere.
Source - chronicle
