NEW Cash-rich league!
...Cash Plus Ltd pumps $150-m into newlook premiership
Friday, September 21, 2007
Cash Plus Limited, a member of the Cash Plus Group of Companies, yesterday officially announced a whopping $150-million three-year deal to become title sponsors of the nation's top club football league, now known as the Cash Plus Premier League.
Cash Plus' $50-million-a-year-plus sponsorship replaces the Wray & Nephew National Premier League, which was valued at just under $30-million per year.
Marie Matthews (right), general manager of Cash Plus Group, presents the symbolic cheque for $150 million to Edward Seaga (second left), chairman of the Premier League Clubs Association (PLCA) at a press conference at the Hilton Kingston Hotel yesterday. Looking on are PLCA's treasurer Chris Bicknell and minister of sports Olivia Grange. (Photo: Garfield Robinson)
However, following international trends, the 12 participating clubs in this season's competition have come together to form the Premier League Clubs Association (PLCA), and have initiated the process of gradually wresting control of the running of the top club league from the local governing body, the Jamaica Football Federation (JFF).
Pending ratification at the JFF Annual Congress on November 4, the JFF will officially hand over the reigns of the premier league to the PLCA and will concentrate of the affairs of the national programme.
Some aspects of the Cash Plus sponsorship and the future of the league were announced at the Hilton Kingston Hotel yesterday, but the finer details of the total sponsorship package could not be revealed, as the PLCA is still in negotiations with other prospective sponsors.
Edward Seaga, chairman of the PLCA, said a feasibility study by the clubs revealed that $250m per year is needed to take them out of their financial woes.
"The Cash Plus sponsorship is going to mean a lot to the programme; it's not by any means the amount that we need. Football will still be in a fragile condition, but it will definitely give us a good start," Seaga pointed out.
As a result, he promised that the nation would be advised of further developments in that regard as negotiations are finalised. He also hinted that the new government would play an integral part in the way forward.
Seaga, a former prime minister, also made it clear that his organisation was not taking anything away from the JFF, but was just filling a gap that had been vacant.
Said Seaga: "Many people would think we are taking away a part of the JFF, that is not so. The JFF was involved in lot of areas in which it need not to have been involved, but because there was a vacuum, there was nobody there to fill it and we have come along now and we have said 'we will fill it for you'.
"You (JFF) can now do the things that FIFA requires you to do and do the promotional work that you need to do for the national programme. We had nothing but the best corporation from the football federation and we want to thank them publicly for the farsightedness... We therefore expect to continue this corporation with the JFF," added Seaga.
Carvel Stewart, vice-chairman of the PLCA, told the Observer that next year the premier league is going to become a separate entity.
The PLCA is owned by the existing 12 clubs in the Premier League. Each club is considered a shareholder with one vote on such issues as rule changes and contracts. The clubs elect a chairman, executive, board of directors to oversee the daily operations of the league. The JFF will not directly be involved in the day-to-day operations of the league but has veto power as a special shareholder during the election of officers.
Burchel Gibson, outgoing general secretary of the JFF, said his board of directors gave the necessary authorisation to the PLCA to act on its behalf to conclude negotiations for the sponsorship of the premier league.
"The JFF sees this new development as a positive one from many perspectives. First of all we recognised the increased sponsorship and cash injection to the clubs. In this light the federation welcomes to the football sponsorship fraternity Cash Plus as new title sponsors for the league," he stated.
Shelly-Ann Weeks, Cash Plus' marketing manager, said her company was started five years ago by Carlos Hill with a vision to build a brighter Jamaica and in that vision his civic duty led him to think of someway to bring Jamaicans together.
"Cash Plus has come on as title sponsor and we are very happy because we believe that football is not just a game that people play and enjoy, football has a deeper connection. It builds us socially and economically and we are privileged to be a catalyst in the growth of football," said Weeks.
The morning's proceeding was halted for nearly 15 minutes as the emcee Fae Ellington awaited the arrival of the new minister of sports, Olivia 'Babsy'' Grange, who apologised for her lateness as she was sorting out a misunderstanding from last week's post cabinet press briefing.
Grange said she was happy for the opportunity to address some concerns about Jamaica's football at her second official function as minister of sports.
"Today is about a new beginning, a new beginning for me as minister of sport, it is a new beginning also for the Premier League Clubs Association. Today represents the day when premier league football comes of age. I want to see a change in the direction of Jamaica's football and for us to return to the days when playing at the office was done before capacity crowd," said Grange.
The format of the NPL was also changed to mirror that of the Scottish Premier League involving 12 teams and four rounds of 38 games.
Each team will play five games more than last season with the clubs which form the top half (1st-6th) of the league immediately after the 33rd league match (third round) occupying the first six places in the league at the end of the season.
The clubs which form the bottom half (7th-12th) will be placed in another group and play among themselves and are not capable of finishing higher than seventh place. For example, in the Scottish Premier League last year, Falkirk finished seventh on 50 points, though they ended the season one point ahead of sixth-placed Hibernian on 49 points.
...Cash Plus Ltd pumps $150-m into newlook premiership
Friday, September 21, 2007
Cash Plus Limited, a member of the Cash Plus Group of Companies, yesterday officially announced a whopping $150-million three-year deal to become title sponsors of the nation's top club football league, now known as the Cash Plus Premier League.
Cash Plus' $50-million-a-year-plus sponsorship replaces the Wray & Nephew National Premier League, which was valued at just under $30-million per year.
Marie Matthews (right), general manager of Cash Plus Group, presents the symbolic cheque for $150 million to Edward Seaga (second left), chairman of the Premier League Clubs Association (PLCA) at a press conference at the Hilton Kingston Hotel yesterday. Looking on are PLCA's treasurer Chris Bicknell and minister of sports Olivia Grange. (Photo: Garfield Robinson)
However, following international trends, the 12 participating clubs in this season's competition have come together to form the Premier League Clubs Association (PLCA), and have initiated the process of gradually wresting control of the running of the top club league from the local governing body, the Jamaica Football Federation (JFF).
Pending ratification at the JFF Annual Congress on November 4, the JFF will officially hand over the reigns of the premier league to the PLCA and will concentrate of the affairs of the national programme.
Some aspects of the Cash Plus sponsorship and the future of the league were announced at the Hilton Kingston Hotel yesterday, but the finer details of the total sponsorship package could not be revealed, as the PLCA is still in negotiations with other prospective sponsors.
Edward Seaga, chairman of the PLCA, said a feasibility study by the clubs revealed that $250m per year is needed to take them out of their financial woes.
"The Cash Plus sponsorship is going to mean a lot to the programme; it's not by any means the amount that we need. Football will still be in a fragile condition, but it will definitely give us a good start," Seaga pointed out.
As a result, he promised that the nation would be advised of further developments in that regard as negotiations are finalised. He also hinted that the new government would play an integral part in the way forward.
Seaga, a former prime minister, also made it clear that his organisation was not taking anything away from the JFF, but was just filling a gap that had been vacant.
Said Seaga: "Many people would think we are taking away a part of the JFF, that is not so. The JFF was involved in lot of areas in which it need not to have been involved, but because there was a vacuum, there was nobody there to fill it and we have come along now and we have said 'we will fill it for you'.
"You (JFF) can now do the things that FIFA requires you to do and do the promotional work that you need to do for the national programme. We had nothing but the best corporation from the football federation and we want to thank them publicly for the farsightedness... We therefore expect to continue this corporation with the JFF," added Seaga.
Carvel Stewart, vice-chairman of the PLCA, told the Observer that next year the premier league is going to become a separate entity.
The PLCA is owned by the existing 12 clubs in the Premier League. Each club is considered a shareholder with one vote on such issues as rule changes and contracts. The clubs elect a chairman, executive, board of directors to oversee the daily operations of the league. The JFF will not directly be involved in the day-to-day operations of the league but has veto power as a special shareholder during the election of officers.
Burchel Gibson, outgoing general secretary of the JFF, said his board of directors gave the necessary authorisation to the PLCA to act on its behalf to conclude negotiations for the sponsorship of the premier league.
"The JFF sees this new development as a positive one from many perspectives. First of all we recognised the increased sponsorship and cash injection to the clubs. In this light the federation welcomes to the football sponsorship fraternity Cash Plus as new title sponsors for the league," he stated.
Shelly-Ann Weeks, Cash Plus' marketing manager, said her company was started five years ago by Carlos Hill with a vision to build a brighter Jamaica and in that vision his civic duty led him to think of someway to bring Jamaicans together.
"Cash Plus has come on as title sponsor and we are very happy because we believe that football is not just a game that people play and enjoy, football has a deeper connection. It builds us socially and economically and we are privileged to be a catalyst in the growth of football," said Weeks.
The morning's proceeding was halted for nearly 15 minutes as the emcee Fae Ellington awaited the arrival of the new minister of sports, Olivia 'Babsy'' Grange, who apologised for her lateness as she was sorting out a misunderstanding from last week's post cabinet press briefing.
Grange said she was happy for the opportunity to address some concerns about Jamaica's football at her second official function as minister of sports.
"Today is about a new beginning, a new beginning for me as minister of sport, it is a new beginning also for the Premier League Clubs Association. Today represents the day when premier league football comes of age. I want to see a change in the direction of Jamaica's football and for us to return to the days when playing at the office was done before capacity crowd," said Grange.
The format of the NPL was also changed to mirror that of the Scottish Premier League involving 12 teams and four rounds of 38 games.
Each team will play five games more than last season with the clubs which form the top half (1st-6th) of the league immediately after the 33rd league match (third round) occupying the first six places in the league at the end of the season.
The clubs which form the bottom half (7th-12th) will be placed in another group and play among themselves and are not capable of finishing higher than seventh place. For example, in the Scottish Premier League last year, Falkirk finished seventh on 50 points, though they ended the season one point ahead of sixth-placed Hibernian on 49 points.
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