betPawa GPL sponsorship less than $1 million

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

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