Sports / Soccer
Bafana Bafana bought for R5 million
24 Jun 2011 at 11:59hrs | Views
After months of negotiations, SAFA and Stanton Woodrush, the man who owned Bafana Bafana rights, have finally reached an agreement that will see SAFA exclusively own the rights to the South Africa soccer team's nickname Bafana Bafana.
The chairman of the adhock committee, Danny Jordan, announced that the two parties agreed on the terms. The agreement says that SAFA can pay R5 million and they will own the rights to the name Bafana Bafana.
Danny Jordan said they are very very happy to announce that SAFA will fully exploit the name Bafana Bafana.
"As SAFA, we are glad that the negotiations went very well and that is why we reached this agreement. We know there were many price tags in the media but we could not go with that and hence we involved ourselves in the willing buyer and willing seller negotiations.
"Since February we have been in these fruitful negotiations and today (Friday) we announce this important and good news that SAFA now owns the name and rights to the name Bafana Bafana. We are all happy now," Jordan concluded.
The chairman of the adhock committee, Danny Jordan, announced that the two parties agreed on the terms. The agreement says that SAFA can pay R5 million and they will own the rights to the name Bafana Bafana.
Danny Jordan said they are very very happy to announce that SAFA will fully exploit the name Bafana Bafana.
"As SAFA, we are glad that the negotiations went very well and that is why we reached this agreement. We know there were many price tags in the media but we could not go with that and hence we involved ourselves in the willing buyer and willing seller negotiations.
"Since February we have been in these fruitful negotiations and today (Friday) we announce this important and good news that SAFA now owns the name and rights to the name Bafana Bafana. We are all happy now," Jordan concluded.
Source - Byo24Sports
