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Cash Plus confirms NPL sponsorship
CARL GILCHRIST, Observer staff reporter
Monday, September 03, 2007
Cash Plus Group chairman, Carlos Hill, has confirmed that his company has taken over the sponsorship of Jamaica's top football tournament, the National Premier League (NPL) after the Jamaica Football Federation (JFF) and long-time sponsor J Wray & Nephew had amicably severed ties recently.
Hill told the Observer Saturday night that his company had indeed taken over the sponsorship of the league but declined to give details as negotiations were not yet complete.
Cash Plus publicist, Sherina Garcia, said the company would issue a release as soon as arrangements were finalised.
On Saturday, the Observer reported that Cash Plus would be the new NPL sponsors as J Wray and Nephew, which had been sponsors since 2002 and with a new contract set to run through to 2012, had released the JFF from contractual obligations in order for the clubs to pursue increased sponsorship.
Wray and Nephew had committed $125 million to the league over the next five years, following their initial injection in 2002 of $100 million for a five-year period.
It is expected that Cash Plus' involvement would see the league being sponsored for much more money, some suggesting as much as twice the $125 million Wray and Nephew had committed in the last deal.
It is the second big move by Cash Plus into Jamaica's sporting arena, following the company's announcement last month that it would be the new sponsor of horseracing's premier event, the Superstakes, through the group's subsidiary, Megaphone. The event, to be known as of November this year as the Megaphone
Superstakes, is sponsored to the tune of $10 million.
J Wray and Nephew had taken over sponsorship of the NPL from Craven A, after a FIFA ruling made the cigarette company ineligible to continue sponsoring the league.
CARL GILCHRIST, Observer staff reporter
Monday, September 03, 2007
Cash Plus Group chairman, Carlos Hill, has confirmed that his company has taken over the sponsorship of Jamaica's top football tournament, the National Premier League (NPL) after the Jamaica Football Federation (JFF) and long-time sponsor J Wray & Nephew had amicably severed ties recently.
Hill told the Observer Saturday night that his company had indeed taken over the sponsorship of the league but declined to give details as negotiations were not yet complete.
Cash Plus publicist, Sherina Garcia, said the company would issue a release as soon as arrangements were finalised.
On Saturday, the Observer reported that Cash Plus would be the new NPL sponsors as J Wray and Nephew, which had been sponsors since 2002 and with a new contract set to run through to 2012, had released the JFF from contractual obligations in order for the clubs to pursue increased sponsorship.
Wray and Nephew had committed $125 million to the league over the next five years, following their initial injection in 2002 of $100 million for a five-year period.
It is expected that Cash Plus' involvement would see the league being sponsored for much more money, some suggesting as much as twice the $125 million Wray and Nephew had committed in the last deal.
It is the second big move by Cash Plus into Jamaica's sporting arena, following the company's announcement last month that it would be the new sponsor of horseracing's premier event, the Superstakes, through the group's subsidiary, Megaphone. The event, to be known as of November this year as the Megaphone
Superstakes, is sponsored to the tune of $10 million.
J Wray and Nephew had taken over sponsorship of the NPL from Craven A, after a FIFA ruling made the cigarette company ineligible to continue sponsoring the league.
I wonder if we will see any end of final matches or highlights shows or even other cup competitions e.g. Red Stripe Cup on FSC Jamaica.
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