This archive report was first published on 13 July 2020.
Published on July 13, 2020, Nairobi Stima chairman Johnstone Sakwa has denied claims that the team has been disbanded following the loss of sponsorship from Kenya Power Company and the termination of contracts for all its players.
Despite the loss of sponsorship, Sakwa stated that negotiations are ongoing to secure a new sponsor for the club.
He emphasized that the team remains intact and has not been disbanded, as some may have perceived.
‘The team is still there and has not been disbanded as it is being portrayed. As an employee of Kenya Power, I want to state that the company did a lot for Nairobi Stima all these years and we can’t castigate its withdrawal caused by the harsh economic situation,’ Sakwa said.
He also announced plans to hold a meeting with stakeholders on Tuesday to discuss the team’s future and explore possible solutions.
‘I will be having a meeting with stakeholders to talk about the issue and way forward for the team. As at now I can’t reveal much because the negotiations will be on various issues which will then inform our decision concerning the fate of Nairobi Stima,’ he said.
Kenya Power Company had terminated its sponsorship to several teams, including Nairobi Stima, citing low revenue returns due to the negative effects of the coronavirus pandemic.
