Painting Company Plascon Uganda Limited has on Friday continued with its financial support towards sports in the country by coming on board as the official paint partner of the famous Stanbic Uganda Cup.
The two-year deal worth Ugx 132 million shillings was confirmed during the press briefing held at the company’s head offices on 2nd Street, Industrial Area in Kampala.
While unveiling the package, Santosh Gumte, the Plascon Uganda Managing Director indicated that this partnership confirms their commitment towards promoting sports in Uganda.
“This is yet another opportunity to show our commitment towards supporting sports in Uganda. We recently signed a deal with Vipers SC and also have a team in the Rugby League,” said Santosh.
“We are proud to come on board as the official paint partner of a tournament that has been in existence since the 70s,”added Santosh.
FUFA Deputy CEO, Humphrey Mandu who also graced the occasion believes such partnerships are indicators of progress for domestic competitions.
“We are happy to welcome Plascon on board as the official paint partner of the Stanbic Uganda Cup. This is an indicator of progress in our domestic competitions, being able to attract the corporate world,” noted Mandu.
The 2021 Uganda Cup edition is expected to kick off on Monday, April 5 with the final slated July 24, 2021 at a venue yet to be confirmed.
Matches will be played on a home and away basis with exception of the final.
The winner of the Stanbic Uganda Cup represents Uganda in the CAF Confederation Cup.
The winners of the Stanbic Uganda Cup will now earn a cash prize of 50M, an increase from the UGX 30M that has been in place.
Below is the breakdown (in UGX)
Winner – 50M
Runners-up – 20M
Semifinalists – 12M each
Quarter finalists –6M each
Round of 16 – 3M each
Round of 32 – 1.5M each