Mpico tourney prize money adjusted

The prize money for Mpico Football Socials tournament, which gets underway at the Inspector General’s Ground in Lilongwe’s Area 30 has been adjusted upwards following the increase in the number of participating teams from 10 to 12.

Sponsors, team reps discussing tournament logistics.

Sponsors, team reps discussing tournament logistics.

This was learnt during the pre-tournament meeting held Tuesday, August 25, 2015 at Mpico head office in Lilongwe.

According to Mpico’s head of marketing Ellen Chapinduka-Nyasulu, the sponsors felt duty bound to increase the stakes with the inclusion of two more teams from the initial list.

“The entire tournament was budgeted from the humble contribution that we are providing as sponsors as well as contributions from the teams and with the addition of two more teams, we had an excess of K150,000, which we felt should go towards the winners’ prizes,” said Chapinduka-Nyasulu in an interview after the pre-tournament meeting.

The sponsors, however, stressed that their focus was not necessarily on the cash stakes but rather the interaction amongst team members.

“Much as teams will be fighting for the cup, our focus, as sponsors is not on which team wins but we would like to foster interaction and exchange of ideas amongst members from the participating teams. Looking at the list of participating teams, we have teams from banks, the tobacco industry, government institutions and other sectors, which makes us confident that our objective will be fulfilled,” said Chapindika-Nyasulu.

Tournament coordinator Lawrence Yobe urged the teams to be punctual, warning that any team reporting late will forfeit points to the opposing team.

“We have a very tight schedule and our programme is starting at 8am with an opening ceremony and the first game starting at 8.30am. Each team has to be represented during the opening ceremony and for the games, teams have to report 30 minutes prior to kick off of their games for logistics like players registration,” said Yobe.

Following the prize money adjustments, winners of the tournament are set to walk away with a trophy and K250,000, first runners-up K175,000, second runners-up K100,000 and fourth-placed team K75,000.

The tournament starters on Saturday, August 29, 2015 and is expected to conclude on September 5, 2015 at the same venue.

According to the organisers, drinks and snacks will be served at the Malawi Police Service Officers Mess at a cost throughout the tournament.

Below are the Saturday fixtures:

MRA vs Airtel (8.30am), UNC Project vs Limbe Leaf Tobacco (9.15am), Bunda Alumni vs Auction Holdings (10am), Black Rhino vs MRA (10.45am), Mpico vs UNC (11.30am), Airtel vs Black Rhino (12.15pm), FMB vs Old Mutual (13.05), MSB vs Bunda (13.50), FMB vs Ecobank (14.35), Limbe Leaf vs Mpico (15.20), Auction Holdings vs MSB (16.05), Old Mutual vs Ecobank (16.50).

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Phoka
Guest

What about raising our dividends you fools mpico.

inenso Ndine
Guest

MPICO is just interested in promoting itself nothing else!!! The participating teams are contributing MK 75,000.00 each which gives a total of MK 900,000.00 They themselves have set aside MK 1,000,000.00. Total prize money is about 600,000.00 . MK 1,300,000.00 is alot of money for just logistics!!! I dont think they are actually putting MK 1, 000,000.00 in the pot, its something less!

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