Ugandan FA unveil Stanbic Bank as new sponsor
Wednesday Feb 14, 2018. 11:30
The Federation of Ugandan Football Associations have announced a sponsorship deal with Stanbic Bank as the Uganda Cup title sponsor.
FUFA announced the deal on Tuesday where the banking giant will be the title sponsor of the 44th Edition for the FUFA Uganda Cup.
According to a statement from FUFA, the unveiling ceremony was conducted at Stanbic Bank offices on Tuesday morning.
FUFA announced that the sponsorship is at a tune of Shs. 300M for one season which is renewable.
“We are proud to have found a partner in Stanbic Bank with such a long and proud sporting heritage,” said FUFA boss, Eng Moses Magogo.
“The Uganda Cup is steeped in history having been played since 1971 and as FUFA we are excited to have found a sponsor who appreciates the history scale of the competition.”
Stanbic Bank’s head of Marketing and Communications, Daniel Ogong praised FUFA and hinted on their mission of talent development.
“As Stanbic Bank we firmly believe successful sports development can only take place if our abundant natural talent is nurtured at the grassroots level right across the country,” adds Ogong.
“The Stanbic Uganda Cup is without doubt Uganda’s most famous knockout football competition.
“This promotes football development across the country and allows for the unearthing and spotting of talent that would otherwise go unnoticed.”
Furthermore, a total of UGX 90m has been set aside as prize money for this season’s edition and the winner will walk away with UGX30m.
Kampala Capital City Authority are the reigning champions and the losing finalists will pocket UGX20m.