This archive report was first published on 16 July 2020.
On Thursday, Football Kenya Federation (FKF) unveiled a landmark Sh1.2 billion five-year sponsorship deal with Nigerian betting company Betking, providing a much-needed financial lifeline to Kenyan Premier League (KPL) clubs.
According to FKF chief Nick Mwendwa, each KPL club will receive Sh8 million yearly for the next five years, starting from the new season under the federation's management.
The deal, which was announced on July 16, 2020, will see the league receive a first instalment of Sh236 million for the first year, with a portion of this amount set to be disbursed to the Federation within the next seven days.
Under the agreement, the annual amount will increase by 5.5 percent in the first year, and by 10 percent in the third, fourth, and fifth years.
FKF has also announced plans to charge the KPL management to run the league, with the federation's headquarters set to become the new base of operations.
Additionally, the federation is exploring the idea of starting the new season in October, pending government clearances.
FKF plans to use the annual affiliation fee paid by KPL clubs to support the Women's Premier League, with an estimated Sh12 million per year set aside for this purpose.
