Nyasa Manufacturing Company (NMC), sponsors of Nyasa Big Bullets, have unveiled plans to bring co-sponsors on board.
The company’s board chairperson Konrad Buckle was responding to a question on whether they will increase the team’s sponsorship as suggested by club chairperson Noel Lipipa.
“We have heard it [the proposal to increase sponsorship] from the grapevine, but it hasn’t come on my desk yet.
“What I can say is that we are already pumping more than the committed sponsorship, we are way beyond contractual obligations.
“[Therefore], at this point, I would say it is difficult to commit an increase in sponsorship, suffice to say we are looking at various avenues such as bringing in co-sponsors. There are a couple of potential partners that we are talking to behind the scenes,” he said.
However, the NMC boss said that will depend on how the People’s Team will streamline their internal differences that recently threw it into turmoil.
“I wouldn’t say there is sanity yet, but we have noted some progress in restoring order because people are now working together and that is what we want. We have seen significant strides.”
According to the team’s financial report for last year, Bullets spent about K230 million and they were forced to get a loan of over K40 million from the sponsor to settle the players’ signing-on fees.
The team also got K25 million advance sponsorship meant for the new season and Lipipa hinted that they would ask NMC to consider increasing the sponsorship package to be in line with the club’s budget.
NMC signed a K500 million five-year sponsorship agreement with Bullets early last year translating to an annual sponsorship of K100 million.