(KPL) clubs were handed a sigh of relief after Football Kenya Federation on brokered a Sh1.2 billion five-year sponsorship deal with Nigerian betting company Betking.
Football Kenya Federation (FKF) chief Nick Mwendwa, indicated that each club will receive Sh8 million yearly for the next five years when the new season begins under overseer of the federation.
The league will receive a first instalment of Sh236 million for the first year,with part of the money set to be disbursed to the Federation in seven days.
In the deal the amount will rise by 5.5 percent in the first year while for the third year to the fifth year, it will rise by a shoot to 10 percent.
Mwendwa disclosed of the idea of having KPL management to run the league, but on condition that they will need to move their headquarters to the FKF House.
Further they are still engaging with stakeholders on how they will run the league, whether through a company or a board appointed by the KPL clubs.
The fkf president has at the same time stated that they are exploring the idea of starting the new season in October, but depending on government clearances.
Also, Mwendwa noted that FKF will use the annual affiliation fee paid by KPL to support the Women’s Premier League. At the moment, they are looking at a figure of Sh12 million per year.
The Federation is trying to get more sponsors to the top tier with an estimate of having at least Sh20 million per club in the next five years.
