Standard Bank commits several millions to NPL Top 8 Cup

Standard Bank commits several millions to NPL Top 8 Cup
Photo credits: 
Katrina //Gowases

Standard Bank Namibia has committed 3 million Namibia dollars per annum over three years towards the Namibia Premier League Top eight Cup.
The announcement was made during the launch of the 2018 edition in Windhoek this morning.
The maiden cup will see the participation of the teams which ended in the top 8 spots on the NPL log during the 2017/18 season starting on the 31st of January 2019.
The tournament will be a knock out stage competition with two -legged semi-final encounters.
CEO of Standard Bank Namibia Vetumbuavi Mungunda said sport is competing with other equally important social sectors and that competition has intensified in recent years, putting pressure on enormous resources at the disposal of the Namibian corporates, especially in the current economic environment.
He urged the NPL to demonstrate value for money for the investments and sponsorship they attract and also look at ways of enhancing this value for money to the investors.
“We also as an investor in this particular sports code , we want to assure everyone that we don't want to be involved in how your run you competition. We will make sure that we provide the support, but please make it easy for us and any other investors to continue to invest in Football” Mungunda said.
The winner will walk away with 500-thousand Namibia dollars, while the runner up will get 250 000, as well as 125 000 for the semi-final losers.
League chairman Patrick Kauta views the upcoming cup as the greatest cup ever sponsored in Namibian history.
“A top eight cup is necessary because it assist and enhances the league in itself, why do I say so, because. It will ensure that the top eight positions in the league are always competed for because everyone knows that the next season who every qualifies in those positions is guaranteed to participate in this tournament. The difference between the ninth and the eighth team the pass season was one point” Kauta said.
Each team is to receive 50 thousand Namibia dollars for preparation, while they will also receive playing gear.
Black Africa will play Tura Magic on the 31st of January, while Unam will take on Young African on the 1st of February, followed by two fixtures, Mighty Gunners up against Tigers and African Stars to play Eleven Arrows.
Tickets will be sold for N$30 of which N$ 5 will go to the Buy a Brick project.
The project is a corporate social investment campaign geared towards addressing the country's housing needs for disadvantaged communities.