1 October 2014
   
MDC-T polls: Chamisa bags six provinces
Chenjerai Hove blasts Grace PhD award
Ministers sue Mliswa, Newsday for US$80m
Politburo on Gono: The law is the law
Herald dividing Zanu PF, Mugabe
Zimpapers CEO Mutasa 'forced' out
RBZ alarm as bad loans hit 90 percent
No revival for dead Byo firms, minister
MORE NEWS
Zim's half year import bill tops US$2,9bln
Mimosa spends $5.5m on retrenchment
MORE BUSINESS
Carl Joshua headlines Aussie comedy fest
Prophet spends $500k on luxury wheels
MORE SHOWBIZ
Young Warriors lose to Botswana
Deputy backs Kapini after new low
MORE SPORTS
Zimbabwe: Waiting for the Future
Zimbabwe needs protests AND BRAINS
MORE OPINION
 
ZANU PF succession process and practice (1)
Succession and the new Constitution
MORE COLUMNISTS
 
 
Mbada to release $150k Dynamos subsidy
13/02/2013 00:00:00
by Sports Reporter
 
 
RELATED STORIES
CAF threatens ban on Zimbabwe clubs
Dynamos appeal US$10k CAF fine
Dynamos crash out despite win
Pasuwa demands new signings
Dynamos through despite defeat
Pasuwa warns against complacency
Dynamos 3-0 Lesotho Correctional Services
Pasuwa targets 'comfortable' win
Dynamos suffer injury blow
DYNAMOS will get their US$150,000 subsidy from Mbada Diamonds after all!

The champions won the Mbada Diamonds Cup last season, entitling them to receive the subsidy from the diamond company for their Champions League campaign.

But a contractual problem with their current sponsors BancABC on branding rights had seen the money being withheld – threatening to deny them a major lifeline.

On Wednesday, BancABC announced they had reached agreement with Mbada Diamonds which will see both companies feature their logos on the Dynamos kit. BancABC previously had exclusive rights.

In a joint statement, Mbada and BancABC said: “The development will see De-Mbare being better resourced for its CAF Champions League expedition, which kick starts in Harare this Sunday at Rufaro Stadium against Lesotho Correctional Services.”

BancABC marketing manager Cynthia Chizwina added: “Mbada Diamonds and BancABC agreed as corporates to co-sponsor the team. We are the club sponsors but we cannot shut out others sponsors, thus we had fruitful discussions with Mbada Diamonds.

“This puts the team at a better position as it embarks on the CAF Champions League starting this weekend.”

Mbada Diamonds corporate services executive George Manyaya said: “According to clause 14.2.4 of the Mbada Diamonds Cup contract which was signed by all the clubs, the winning team of the tournament would benefit from this subsidy.

“We have entered an arrangement with Dynamos’ sponsors BancABC to co-brand and we would like to thank them for their professionalism.

“This breakthrough can be attributed to the fact that we have a common agenda which is that of uplifting communities through the development of sport in Zimbabwe. Dynamos will be representing Zimbabwe in the African safari and they need the nation to rally behind them starting this weekend.”

Dynamos play Lesotho Correctional Services on Sunday in the first leg of the African Champions League preliminary round at Rufaro.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark
 
 
 
comments powered by Disqus
 
RSS NewsTicker