NFF Federation Cup Rebranded AITEO Cup as Energy Group Splashes the Cash
Nigeria’s foremost energy solution company, AITEO, on Wednesday acquired the ‘Naming Right’ of the NFF Federation Cup.
This comes as an extension/addendum to the company’s sponsorship agreement with the NFF that takes care of the salaries of national team coaches.
Following the new deal, the NFF Federation Cup, the oldest football competition in the country, will henceforth be known as “AITEO Cup”.
Perks of the deal will see AITEO underwrite the costs of the organising of the competition from the Round of 64 to the men and women’s finals, give support to Football Associations of the 36 States and the FCT, expenses and indemnities of match officials, support to participating Clubs, Media, Branding/Activation and Prize Money to winners, SportsVanguard writes.
The new prize monies for the AITEO Cup will be N25million for the winner of the men’s competition and N10million for the winner of the women’s competition, while the runner–up for the men’s competition will pocket N10million, with N5million going to the runner–up for the women’s event.
It is understood that the NFF and AITEO will in due course, decide the nature and value proposition of the AITEO Cup under the framework of the relationship, and AITEO would thus underwrite the cost as the competition’s ‘Naming Right Holder.’
The NFF – led by its President, Amaju Pinnick – expressed delight at the extended agreement, while AITEO chieftains stated they were “happy to do this for Nigeria.”
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