FUFA Hands over Women Leagues Title Rights to Finance Trust Bank at Shs2Bn
The bank has announced a two billion shillings (UGX 2,000,000,000) investment in womens football in partnership with FUFA for four years.
By: kayiirajackson@gmail.com
Since the inception of the women football organized leagues in 2015, the football governing body (FUFA) has been the ‘title owner’ until Finance Trust Bank came on board.
With effect from this season, the bank will be the owner of the title rights of the two top leagues in Uganda, the Super league and the Elite League.
The bank has announced a two billion shillings (UGX 2,000,000,000) investment in womens football in partnership with FUFA for four years.
Speaking at the announcement of the partnership, Finance Trust Bank Managing Director, Ms. Annet Nakawunde Mulindwa said the sponsorship is in line with the banks mission of putting women first.
“Finance Trust Bank was first established in 1984 to support women in business and management to achieve their financial dreams.” Said the MD before adding “The bank has grown since then and today we have a network of over 35 branches supporting over half a million women across the country. We are excited to now extend our support to women in sports and I am pleased to formally announce Finance Trust Bank’s two billion shillings sponsorship of the FUFA Womens Football programme.”
Under this partnership, one billion seven hundred thousand shillings (UGX 1,700,000,000) will be going directly to FUFA over a period of four years i.e. three hundred fifty million per year (350m per annum) with the rest being spent on sponsorship activation.
FUFA President, Hon. Eng. Magogo Moses welcomed the sponsorship saying it is a validation of the success of FUFA’s women football programme.
“Many years ago, FUFA began to seriously invest in and promote womens football. This investment has seen Uganda grow tremendously in this area and Uganda has established itself as a womens football powerhouse in the CECAFA region. But our ambitions don’t stop there. Uganda has the talent to compete and win at both the continental and global level and we believe that with support both from the government of Uganda and from corporate sponsors like Finance Trust Bank we shall be able to do so.” Magogo said.
“Under this partnership, Finance Trust Bank is now the title sponsor of both the Finance Trust Womens Super League and the Finance Trust Womens Elite League and as FUFA we are very excited about this partnership and we believe it is going to go very far hopefully all the way to the World Cup, Magogo added.
At least 25 clubs to benefit from this sponsorship.
The 2024/25 season of the Finance Trust Womens Super League and Finance Trust Womens Elite League are scheduled to kick-off at the end of September 2024.