Kenyan Premier League giants AFC Leopards have announced a shirt sponsorship deal with the casino and sports betting platform Betika worth more than USD 600,000 a year.
The agreement is the highest front-of-shirt deal in the club’s history and replaces one with betting firm Sportika whose sponsorship was terminated by Leopards after one month in order for the club to secure a more lucrative partnership.
Leopards previous deal sponsorship deal with Spotika was just USD 181,000 a year and was terminated on Wednesday by the 12-time KPL Champions who cited breach of contract terms.
The club stated that Spotika failed to wire part of the sponsorship money thus the management was unable to honour ts financial commitment to players, staff and suppliers.
“On July 1 2022, AFC Leopards Sports Club entered into an agreement with Silicon Solutions Limited (Spotika),” a statement from AFC Leopards read.
“It was a term of contract that Spotika would pay the club Ksh4,000,000 (USD 40,000)as follows; Ksh2,000,000 at the execution of the agreement and Ksh2,000,000 (USD 20,000) on or before July 17, 2022.
“The club has been, in compliance with the terms of the agreement, advertising Spotika’s products on all its social media platforms and website. Spotika paid the initial Ksh2,000,000.
“However, in breach of the agreement, Spotika has, despite several requests, refused and or failed to pay the balance of Ksh2,000,000 either as agreed or at all.
“The club’s officials have tried in vain to get a meeting with Spotika’s officials.”
As a result of the breach of contract by Spotika, the club has been unable to honour its financial commitments to players, staff, and suppliers. Further, the club has ambitions to strengthen its squad during this transfer window,” the statement continued.
“All these facts were within Spotika’s knowledge. Spotika’s conduct has rendered this impossible.
“Consequently, the club has made a resolution to rescind the agreement with immediate effect. The club wishes the company well in its future endeavours.”
