{"id":3149,"date":"2021-09-10T16:38:53","date_gmt":"2021-09-10T16:38:53","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-post-bank-to-sponsor-a-division"},"modified":"2021-09-10T16:38:53","modified_gmt":"2021-09-10T16:38:53","slug":"lesotho-post-bank-to-sponsor-a-division","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-post-bank-to-sponsor-a-division","title":{"rendered":"Lesotho Post Bank to sponsor A-Division"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/lesotho\">Lesotho<\/a>. <\/strong><\/span>The Lesotho Football Association (LEFA) and Lesotho Post Bank on Tuesday unveiled a three-year partnership that will see the government-owned bank sponsor the A-Division starting from this season.<\/p>\n<p>The package totals M1 200 000 and for the next three years M400 000 will be pumped annually into the league feeding Lesotho\u2019s top-flight. It is the biggest sponsorship the A-Division has seen and, as part of the deal, the First Division has been renamed the Lesotho Post Bank League for the duration of the sponsorship.<\/p>\n<p>There is also increased treasure for the clubs. For the next three years the respective winners of the A-Division\u2019s two streams \u2013 north and south \u2013 will dance away from the season M50 000 richer.<\/p>\n<p>Lesotho Post Bank managing director Molefi Leqhaoe said the bank wants to boost the development of local football. \u201cLesotho Post Bank wants to be involved,\u201d he said.<\/p>\n<p>\u201cWe know the main challenge in the country is unemployment and we all know if you look around the world the highest paid people are footballers, the most famous people in the world are footballers.<\/p>\n<p>\u201cThere is no one who doesn\u2019t know Lionel Messi and his team, there is no one who doesn\u2019t know Cristiano Ronaldo and his team. Everywhere they go they use their own jets because of football which is something we have to improve as a country,\u201d Leqhaoe added.<\/p>\n<p>The A-Division has been without a formal sponsor since Vodacom Lesotho scaled back its sponsorship of Lesotho football in 2014 before pulling out altogether in 2017.<\/p>\n<p>In the interim LEFA has to fork out money to keep the first division afloat and Lesotho Post Bank\u2019s sponsorship is a welcome lifeline for the A-Division.<\/p>\n<p>Leqhaoe said transparency is crucial in business and he said the bank is satisfied LEFA will provide such transparency during the partnership. He said Lesotho Post Bank will also help clubs with financial literacy as well as \u201cfinancial inclusion and access to credit.<\/p>\n<p>\u201cThis marriage is going to involve public funds and when you get involved with public funds the most important thing is transparency and right administration, I trust under LEFA\u2019s leadership this will happen,\u201d Sebatli said.<\/p>\n<p>\u201cOur sponsorship says M400 000 every season for three years but if you can make sure this partnership works I will change it, (the sponsorship amount) will go up,\u201d he added.<\/p>\n<p>LEFA president Advocate Salemane Phafane said the association is happy to be partnering with a company that has a good record. He urged teams and supporters to take care of Lesotho Post Bank\u2019s brand.<\/p>\n<p>\u201cIt is encouraging to see companies being managed by Basotho and we are proud to be associated with Lesotho Post Bank,\u201d Phafane said.<\/p>\n<p>\u201cI call on all teams and supporters, you have struggled but if you don\u2019t plough back it will go back. This is not a donation, look after Lesotho Post Bank\u2019s brand and let us not bring it into disrepute,\u201d he added.<\/p>\n<p>Present at Tuesday\u2019s launch at Bambatha T\u0161ita Sports Arena was the Minister of Sports, Dr Mahali Phamotse, who congratulated LEFA on securing a sponsor for the A-Division.<\/p>\n<p>A-Division prize money (for each stream):<br \/>\n1. M50 000<br \/>\n2. M25 000<br \/>\n3. M20 000<br \/>\n4. M17 000<br \/>\n5. M15 000<br \/>\n6. M14 000<br \/>\n7. M13 000<br \/>\n8. M12 000<br \/>\n9. M11 000<br \/>\n10. M10 000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Lesotho. The Lesotho Football Association (LEFA) and Lesotho Post Bank on Tuesday unveiled a three-year partnership that will see the government-owned bank sponsor the A-Division starting from this season. The package totals M1 200 000 and for the next three years M400 000 will be pumped annually into the league feeding Lesotho\u2019s top-flight. [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":3148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,17,16],"tags":[233,246,125,245],"class_list":["post-3149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-sport","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-football","tag-lesotho"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lesotho Post Bank to sponsor A-Division - Lesotho<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-post-bank-to-sponsor-a-division\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lesotho Post Bank to sponsor A-Division\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Lesotho. The Lesotho Football Association (LEFA) and Lesotho Post Bank on Tuesday unveiled a three-year partnership that will see the government-owned bank sponsor the A-Division starting from this season. The package totals M1 200 000 and for the next three years M400 000 will be pumped annually into the league feeding Lesotho\u2019s top-flight. 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