BETTING GHANA betPawa GPL sponsorship less than $1 million 7 days ago Iwo Bulski Post Views: 48 The Ghana Football Association (GFA) sponsorship agreement with betPawa as headline sponsor for the Ghana Premier League (GPL) is less than $1 million, Tema Youth FC owner, Wilfred Kwaku Osei, has alleged. The Ghana FA signed a three-year sponsorship deal with the betting company worth $6 million across the contract duration. “Also part of the money will go into media and marketing and finally part will go into the construction of a betPawa astro turf football pitch at the Ghanaman Soccer Centre of Excellence,” – president Okraku revealed during the signing ceremony in early August. However, Osei Palmer, who served as finance committee of the FA for seven years claims the money is less than the announced figure. “The betPawa sponsorship is not more than $1 million. How can you give me $2 million and say activation is $1 million. How are you going to capture that in your books?” – told Wilfred Osei. In your books, you can only declare $1 million as the sponsorship figure. In accounting, we have allowable and non-allowable expenditure, if it’s for adverstising or promotion, it has to appear as adverstising and promotion; you cannot lump that and say that is part of sponsorship. “So within the books and records of the FA, how much have you received for the sponsorship and clubs are getting $25,000 out of $2 million? No!” The former Black Stars management committee chairman disclosed that, the FA sponsorship with Glo signed some ten years ago, was worth $6 million a year, but it could only announce $3 million because the other $3 million was for activation. “In the GLO sponsorship that we had, $3 million was for sponsorship, activation was $3 million but that wasn’t part of the records. You have to create a dustbin because that money is not part of the FA,” – he stated. Source: myjoyonline.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: betPawa, Ghana, sponsoring Continue Reading Previous In Ethiopia, Addiction To Sports Betting Affects All Layers Of SocietyNext Court freezes new SportPesa licence amid shareholder row More Stories BETTING KENYA Boxer Fatuma Zarika excited about SportPesa 16 hours ago Samuel BETTING NIGERIA Betting Companies And The Question Of Social Responsibility 16 hours ago Samuel BETTING NIGERIA Nigerian Online Sports Betting Operator License Requirements 17 hours ago Samuel EXPERTS GHANA Africa Bitcoin Conference launches maiden ABC hackathon 4 days ago Samuel BETTING WORLD NEWS UKGC fines Betway $400,000+ for marketing on children’s pages 5 days ago Szarlot BETTING KENYA Court freezes new SportPesa licence amid shareholder row 6 days ago Szarlot BETTING ETHIOPIA In Ethiopia, Addiction To Sports Betting Affects All Layers Of Society 7 days ago Szarlot BETTING NIGERIA Evolution of sports betting in Nigeria 7 days ago Szarlot GHANA LOTTERIES Come and let’s do business in Ghana 7 days ago Samuel BETTING NIGERIA Is it right for Nigerian Football stars to endorse gambling brands? 1 week ago Samuel BETTING SOUTH AFRICA Amelco to launch in South Africa with new operator LulaBet 2 weeks ago Szarlot BETTING NIGERIA Leadstar Media Launches Betting Bonus Comparison Site in Nigeria 2 weeks ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.