Dar es Salaam. A gaming firm in the country, SportPesa Tanzania, has signed a three-year contract worth 12.33 billion with Mainland Tanzania Premier League champions Young Africans (Yanga).
The contract means the club will earn Sh4 billion per year, according to SportPesa Tanzania Board chairman Tarimba Abbas.
In their five-year expired contract, Yanga earned Sh5.2 billion in total as the Jangwani Street giants were receiving Sh1 billion annually.
Tarimba said their firm will also award Yanga Sh150 million if they retain the Mainland Tanzania Premier League title including Sh112 million if they keep the Azam Federation Cup.
He added that SportPesa will also award Yanga Sh75 million if they qualify for the final of the Azam Federation Cup. In the expired contract, Yanga have received Sh100 million for winning the Mainland Premier League title. However, the team have received no prize money for winning the Azam Federation Cup. He explained that their firm’s main goal is to contribute to the development of sports in the country and that’s why they have decided to support the game. “It is a fact that Yanga’s worth has been increased when compared to our five-year contract signed in 2017. By then, our club were not well financially and we decided to boost them with such an amount. Currently, we are taking it differently as Yanga are the Mainland Tanzania champions with an unbeaten record in all competitions including the Azam Federation Cup and the Community Shield,” said Tarimba.
He explained that the signing of the new contract shows that each party has been satisfied with the past obligations. “It was not easy to secure the deal with Yanga due to the success that the club have achieved so far. We thank the club leadership for the agreement,” he said.
For his part, Yanga president Hersi Said thanked the firm for agreeing their terms of the contract hence signing the lucrative deal with them.
“It is a milestone for the club’s development and we promise to observe all the obligations of the contract.
“We are proud to finish last season’s Mainland Tanzania leagues unbeaten and our plan is to maintain our performance. We have the task of taking the club to the next level of development and that’ why we managed to transform it and held the general meeting of the club to elect new leaders,” said Hersi.