With the continued
uncertainty surrounding the future of investment firm Cash Plus Limited, Chairman
of the Premier League Players Association, Edward Seaga is encouraging clubs to
seek sponsorship from their communities for the remainder of the season.
Cash Plus is the main sponsor for the National Premier League.
However, amidst speculations of being bankrupt and being locked in a court battle with the National Commercial Bank over its continued existence in the local financial sector, they have been unable to meet their commitments top the league.
"It's difficult to get funding at this time of the year because you're near the end of the financial year. What inducements are you going to offer to anybody (to come on board)? The better prospect is for each club to tap into what ever resources are available in their community," he said.
Despite this, Mr. Seaga said he remained hopeful that Cash Plus would come good on $90 million, which is owed to the League.
"I'm not giving up that they won't respond. There's still a chance that they will com forward with some funding. So we're not closing the door or developing any animosity. We're just doing what (seems like) the right and sensible thing to do in saying it's time now for you to do something better. But you know they have their problems and we have to look at that side as well, but we expect them to find some way to make good at least a substantial part of that payment which is due," said Mr. Seaga while speaking on RJR's sports programme, Sportsgrill on HITZ 92FM.
Cash Plus is the main sponsor for the National Premier League.
However, amidst speculations of being bankrupt and being locked in a court battle with the National Commercial Bank over its continued existence in the local financial sector, they have been unable to meet their commitments top the league.
"It's difficult to get funding at this time of the year because you're near the end of the financial year. What inducements are you going to offer to anybody (to come on board)? The better prospect is for each club to tap into what ever resources are available in their community," he said.
Despite this, Mr. Seaga said he remained hopeful that Cash Plus would come good on $90 million, which is owed to the League.
"I'm not giving up that they won't respond. There's still a chance that they will com forward with some funding. So we're not closing the door or developing any animosity. We're just doing what (seems like) the right and sensible thing to do in saying it's time now for you to do something better. But you know they have their problems and we have to look at that side as well, but we expect them to find some way to make good at least a substantial part of that payment which is due," said Mr. Seaga while speaking on RJR's sports programme, Sportsgrill on HITZ 92FM.
comments powered by Disqus
All feeds
