The Black Stars’ sponsorship deal with troubled uniBank could be in trouble after the Bank of Ghana announced that it has taken over the indigenous bank which is said to be on the verge of collapse.
uniBank, in 2016, announced a renewal of their sponsorship with the team worth $1.2 million for three years which will expire in November 2019 but the current uncertainty surrounding the bank has put that deal in limbo.
The Bank of Ghana (BoG) has announced that it has taken over the management of uniBank, by appointing an administrator, KPMG, to run the indigenous bank.
According to the central bank, it took the decision to save uniBank from collapse as the bank was in serious distress.
The Ghana Football Association has, in recent times, struggled to secure sponsorship for the Black Stars after Ghana National Petroleum Corporation (GMPC) ended their lucrative sponsorship deal with the team last year, and this latest development concerning uniBank will be a huge blow to the Association.
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By: Citi Sports
The post uniBank takeover: Black Stars sponsorship deal in limbo appeared first on citifmonline.com.
The Black Stars’ sponsorship deal with troubled uniBank could be in trouble after the Bank of Ghana announced that it has taken over the indigenous bank which is said to be on the verge of collapse. uniBank, in 2016, announced a renewal of their sponsorship with the team worth $1.2 million for three years which ...
The post uniBank takeover: Black Stars sponsorship deal in limbo appeared first on citifmonline.com.
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