FA, Glo Begin Talks-For A New Sponsorship Deal

The Ghana Football Association (GFA) has begun negotiations with the Premier League�s title Sponsor, Glo, for a possible renewal of the sponsorship deal with the mobile phone service provider ended with Asante Kotoko�s triumph on the last day of the 2012/13 season. GFA President, Kwesi Nyantakyi told Graphic Sports that his outfit was in negotiations with Glo for a new deal ahead of the start of the next league season on September 15. �We are currently negotiating, but there is nothing concrete at the moment,� he said. Just last week, reports suggested the end of season Glo League Awards for the 2012/13 season had been called off because of lack of funds to finance the programme. Glo signed a five-year sponsorship package with the GFA in 2008, a deal worth $3 million per season. But the relationship was characterized by delays in releasing funds to honour the deal. At the moment, Glo owes the league at least $2.1 million representing last season�s package less the 30 per cent discount grated to the company by the league. Before the start of the last season, Glo released $7.9 million to the clubs within the span of a month to cover the company�s indebtedness to the league at the time.