FA Malawi regrets Standard Bank withdraw of cup sponsorship
Football Association of Malawi (FAM) has expressed shock to the announcement by Standard Bank about the withdraw if sponsorship for its Knockout cup effective 5th February 2016.
FAM president Walter Nyamilandu Manda told Nyasa Times in an interview reacting to the news, that his body and entire football fraternity in Malawi has learnt with “great concern” news of sponsorship withdraw.
Nyamilandu said the withdraw of cup sponsorship is a huge setback and big loss considering the impact it has had on Malawi football since it was introduced in 2007.
“FAM treasure the good times and support Standard Bank has given to the game of football over the years,” Nyamilandu said.
He said Standard Bank came in to sponsor football when the corporate world had deserted football and as FAM they tried to safeguard the partnership for nine years by ensuring professionalism in the organising of the cup,
“It is painful that the reasons given for the withdraw of sponsorship are non-football related,” said Nyamilandu.
The bank cited microeconomic factors for their decision to stop sponsorship.
“We would have wished if Standard Bank had given adequate notice of one more season to look for another sponsor and wish FAM had a chance to address Standard Bank concerns…
“At the end of the day nothing lasts forever and FAM accepts Standard Bank’s decision to withdraw and prepares to move on,” Nyamilandu said.
Standard Bank announced their sponsorship withdraw in a statement released Friday 5th February citing economic hardship which has hit the country as the main reason that has forced them to stop sponsoring the cup as they are trying to find ways of minimising their expenditures and ensure the bank doesn’t shut down.
Mpila watha basi,mawa tinva winaso wapanga chimozimozi,mukunamizila kugwa kwa kwacha koma phindu mukupanga pasiku ndilochuluka
Mpira usia kubeba nanga matimu azimenya supalig ndi casbeg zinali bwino wake up fam osamangoti kakaka mposirana penepo ndie tieni nazo zangoambika
The bank is not happy with Walter. He has been in power since the Standard Bank Cup was introduced. They have seen that it is time for change. For sure I know that sponsorship will be back once this FAM boss leave this position to another man.
Much as we know that leadership is not for life, so too is sponsorship. Look for other means and move forward.
Standard Bank are you serious you are pulling out because of the current economic enviroment? Come end of year profits you will inform the poor people of Malawi that you have made billions in after yax profits. The same football fratenity is the same customer who you reap from what you were giving FAM as Standand Bank Cup is and was peanuts compared to the astronomical profits you post in newspapers. Go to hell with you hypocrites
The problem with Malawian football fans is that they consider football sponsorship as charity and do not make deliberate attempts to reward the sponsoring company in terms of support FAM itself and clubs are to blame for this state of affairs as they don’t encourage supporters to do the needful.
Don’t worry. when one door closes the other one open
wavetsatu man walter
They will not witdraw from golf sponsorship because it is a game for the rich
Wakolola kwambiri Walter! Mpaka kuchita kukwelera pagulu Kuti chaka chino upakula kwambiri ndiye bank isakwiye???
Mxiiii
Team Walter, it’s time to harvest. Kholola uja ndi ameneyo.