NetOne Might Stop Sponsoring iBosso, Caps United & Black Rhinos - Report

NetOne is reportedly planning to stop sponsoring 3 top-flight league teams after one of the teams’ directors pestered NetOne to offer revised figures based on the interbank market rate, The Chronicle reports.

A source close to the developments spoke to the publication and said:

NetOne had been an all-weather friend that actually gave us more than the agreed figures during the course of the season as they were alive to the fact that prices of goods and services kept rising. They could have chosen to stick to the initial figure which had been eroded by inflation, but the company increased its package without our input. It seems this still wasn’t enough for him and he insisted that NetOne sticks to the initial package, but use the interbank rate

They were happy of Highlanders’ professionalism and it might not even surprise some of us if NetOne continues bankrolling Highlanders. I am sure even their (Bosso) previous sponsors BancABC would not have pulled out had it not been for the frustration that came from these other teams

NetOne reportedly offered an acceptable amount but one of the team’s managers reportedly insisted that they match the interbank market rate. NetOne was paying salaries for the team players and technical teams and providing tracksuits for the teams. NetOne is still to comment on the supposed sponsorship deal pullout.

More: The Chronicle