FDH Bank has renewed the Mayor’s Trophy sponsorship, having unveiled a three-year K165 million package for the primary schools tournaments in Mzuzu, Zomba and Lilongwe.
During the signing ceremony with the three city councils in Lilongwe on Friday night, FDH Bank managing director Elias Ngalande said Mzuzu and Zomba will be getting K10 million annually while Lilongwe will be allocated K15 million.
Added to this, the bank will commit K20 million each year for the inaugural inter-city competition which will be contested by winners from all the cities, including Blantyre.
“Blantyre’s Mayor’s Trophy has another sponsor, but they will be part of the inter-city competitions. Our aim behind sponsoring the tournaments is to ensure that football at grass roots level is improving,” Ngalande said.
Ministry of Youth, Sports and Culture Principal Secretary Chancy Simwaka hailed the bank for renewing the deal.
He, however, warned the authorities against abusing the sponsorship, saying it would scare away the sponsor.
“Sports is already in dire need of more sponsors. It is important, therefore, that we guard this sponsorship by being prudent,” he said.
Lilongwe City Council deputy mayor Richard Banda thanked the bank for the sponsorship, saying it will help unearth talent.
He promised to be transparent in managing the sponsorship saying: “We want the sponsorship to continue so there’s no way we are going to mess up.”