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Kenya: Mathare United Faces Financial Crisis After Odibets Ends Sponsorship

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 2 September 2019.

Published on September 2, 2019, Mathare United, a Kenyan Premier League side, is staring at hard times financially this season.

The team's sponsor, gaming firm Odibets, has indicated they would be terminating the three-year deal worth Sh60 million, which was unveiled early last year.

According to Mathare United CEO Jectone Obure, Odibets communicated their intention to end the sponsorship due to struggling to meet their financial obligations, citing a tax issue with the Government.

"OdiBets has communicated to us with the intention to end the sponsorship. They are struggling to meet their financial obligations due to the tax issue with the Government. We are facing very tough times as a team and urge the Government to solve the impasse with the betting companies - at least be fair to them since they support sports," Obure told Nation Sport.

Mathare United started their 2019/20 KPL campaign with a barren draw against Bandari on Saturday afternoon at the Ruaraka Stadium, donning kits without the Odibets logo, a clear indication the sponsorship has been terminated.

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