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General News of Saturday, February 2, 2019
Source: mynewsgh.com
2019-02-02
GFA signed a five-year sponsorship deal with Zylofon Cash in May 2018
The documents covering the details of a sponsorship deal between the Ghana Football Federation and Zylofon Cash, worth $ 10 million, have disappeared from the GFA office, MyNewsGh.com has learned.
The forensic evaluation team of the standardization committee responsible for the review of the contracts stated that they were unable to find the documents relating to the Zylofon case in particular.
Saddick Obama, a respected authority of Ghana Sports and also head of sports for ATINKA Media, has confirmed the story.
In May 2018, the Ghana Football Association (GFA) signed a five-year sponsorship deal with Zylofon Cash to become the main sponsor of the Ghana Premier League (GPL).
At a very colorful ceremony at the Movenpick Ambbadador Hotel in Accra, Zylofon Cash finally broke the spell of three-year-old GPL-free sponsor, who signed a contract with GFA for an undisclosed fee. It was then revealed that the amount was $ 10 million, or $ 2 million a year for five years.
Speaking at the event, Zylofon Group Director, Nana Appiah Mensah, highlighted Ghana's prowess in the field of football and explained how this stage of society would contribute to the development of the country. local football.
"Ghana is recognized around the world for its football prowess more than for our cherished cash crops like cocoa, pineapple and other mineral resources, including gold, bauxite. As a country, we are restocking the football area, which is the heart of the country, is very important.
"At Zylofon, we believe that football has such power to transform the lives of young people in Ghana, which is very much in line with the mantra of our groups" Ghana must prosper. "As such, Zylofon Cash has decided to become the main sponsor of the GPL for the next five years, "he said.
Kwasi Nyantakyi, then president of the GFA, expressed his deep gratitude to the Zylofon group for the bold move to save the GPL.
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