Negotiations hit snag as Stanbic’s Uganda cup deal nears expiry

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Denis Musanje

Stanbic Bank Uganda’s contract with the Federation of Uganda Football Associations (FUFA) will expire at the end of current season.

Stanbic Bank Uganda have been the title sponsors of the Uganda Cup competition since 2017.

According to reliable sources, Stanbic Bank are willing to renew the contract with the Federation but there’s a big difference of opinion between the parties when it comes to valuation.

FUFA think that the value has now increased with more games being broadcasted on TV.

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As negotiations over a renewal continue, FUFA are also willing to listen to offers from other willing partners.

Meanwhile, this season’s prize money is Sh180m courtesy of sponsors Stanbic Bank Uganda

Prize Money Breakdown:

•Winner – 50 million (1 team)
•Runner Up – 25 million (1 team)
•Semi Finalists – 12.5 million each (2 teams)
•Quarter Finalists – 6 million each (4 teams)
•Round of 16 – 3 million each (8 teams)
•Round of 32 – 2 million each (16 teams)
•TOTAL – 180 million (32 teams)

BUL FC are the current holders and will face off with Police FC on Wednesday at Kavumba in the Quarterfinal stage.

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On Friday, Vipers will host Calvary FC at Kitende while Adjumani TC will welcome Express on Saturday.

The other Quarterfinal will be between Soltilo Bright Stars and KCCA FC on Sunday at Kavumba Recreation grounds.

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