{"id":73278,"date":"2024-05-13T18:25:24","date_gmt":"2024-05-13T18:25:24","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=73278"},"modified":"2024-05-13T17:48:33","modified_gmt":"2024-05-13T17:48:33","slug":"jt-jaguars-in-shs500m-goldmine","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/jt-jaguars-in-shs500m-goldmine","title":{"rendered":"JT Jaguars in Shs500m goldmine"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Kira-based basketball side JT Jaguars keep on making major leaps.<\/b><\/p>\n

After two successful promotions since their inauguration in 2022 and debut in Division two, the National Basketball League (NBL) outfit has now secured Shs500m worth of sponsorship from Goldmine Finance.<\/p>\n

The microfinance institution is willing to bankroll the club for five years translating into a potential Shs2.5b windfall.<\/p>\n

\u201cWe think the team has great potential and their will to succeed at any cost motivated us to think of this (sponsorship),\u201d Goldmine\u2019s managing director Allan Tayebwa said at last Thursday evening\u2019s press conference held at Golden Tulip Hotel to announce the deal.<\/p>\n

Such was the weight of the sponsorship that Tayebwa, JT\u2019s founder Japhet Nyangenya and his squad, were joined at the event by State Minister for Sports Peter Ogwang and National Council of Sports (NCS) chairman Ambrose Tashobya \u2013 who both praised Goldmine for taking the option to be associated with the sport.<\/p>\n

On the same day, the NBL \u2013 had for contrast \u2013 also revealed a Shs500m sponsorship deal from Castle Lite and at that event, the federation\u2019s chief executive officer (CEO) had highlighted the trouble that club owners go through to finance their clubs. That is why Goldmine’s injection was timely.<\/p>\n

\u201cThis is a young team and we are going to keep growing. As one of the top upcoming teams in the league, we plan to win as many league and regional games as possible. Plus any opportunities that might come our way,\u201d Nyangenya said.<\/p>\n

JT Lady Jaguars sit third in the women\u2019s top division with a 10-5 record while the men are currently fifth with a 9-7 record.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Kira-based basketball side JT Jaguars keep on making major leaps. After two successful promotions since their inauguration in 2022 and debut in Division two, the National Basketball League (NBL) outfit has now secured Shs500m worth of sponsorship from Goldmine Finance. The microfinance institution is willing to bankroll the club for five years […]<\/p>\n","protected":false},"author":84,"featured_media":73276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,17],"tags":[233,240,234],"class_list":["post-73278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-sport","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nJT Jaguars in Shs500m goldmine - Uganda<\/title>\n<meta name=\"description\" content=\"Kira-based basketball side JT Jaguars keep on making major leaps. 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