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allegedly for its sponsorship of Caps United, Highlanders, and Black Rhinos
influenced by one of the team managers, who bothered the company to offer
revised figures based on the interbank rate.
telecommunications company which started sponsoring all three teams when the
the official exchange rate was 1: 1, to compare your new sponsorship package
using the current interbank rate.
us more than the figures agreed during the course of the season as they were
I live to the fact that the prices of goods and services continued to rise. They could
have chosen to maintain the initial figure that had been eroded by inflation,
but the company increased its package without our contribution. It seems that this still
it was not enough for him and he insisted that NetOne stick to the initial
package, but use the interbank rate, “said the source.
Despite the guarantees that NetOne promised to review
the package to a figure that was acceptable to them, the team manager
insisted on the interbank rate revised at each meeting, to the annoyance
of the company’s decision makers.
It may not even surprise some of us if NetOne continues to fund Highlanders.
I am sure that even his previous sponsors (Bosso) BancABC would not have withdrawn
if it hadn’t been for the frustration that came from these other teams, “he said
the fountain.
all three teams, but sources told the Herald that the mobile network
The operator was disconnecting to focus on fighting the Covid-19 pandemic.
players and technical teams, in addition to providing tracksuits and a game kit,
and pay accommodation and transportation costs for your away games.
“While NetOne has a demonstrable history of contribution
immensely to the development of soccer in Zimbabwe, recent developments
affecting the entire world has made long-term maintenance difficult
sponsorship commitment to Highlanders and Caps United. As a business, the
The operating environment has been limited by the general economic outlook
it is expected to decrease, thus affecting income generating capacity for most
companies, NetOne included. The uncertainty caused by this pandemic
makes it imperative to review our long-term financial obligations and realign
our strategies and expenses to high priority areas.
more durable It is in this context that NetOne has decided
suspend three-year sponsorship, particularly for 2021
Football season. NetOne will fulfill its contractual obligations and
process the total amount of sponsorship for both teams relative to 2020
Football season. However, completion will be notified by 2021
season, “sources told the Herald.
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