Football Kenya Federation (FKF), AFC Leopards SC, Gor Mahia FC, The Boxing Association of Kenya, Kenya Rugby Union, several rugby clubs, motorsports players among other sports organisations in the country that are sponsored by SportPesa could soon go back to the begging bowls.
The Kenyan betting giant has reportedly issued a notice to all of them, preparing them for contract terminations in case the Betting and Gaming Control Bill is passed into law by Parliament. The Government too, through Treasury CS Henry Rotich in his proposed budget, suggested increase of close to 600% in taxation to betting and gaming companies. The plans to impose a 50% tax on the gross revenue of betting companies will greatly affect their revenue.
This has not gone well with betting firms especially SportPesa and it is due to this that the company issued letters to all the sports organisations and individuals they have sponsored directly. In return, the organisations, through the Kenyan Premier League (KPL) Limited, have now called for a presser to discuss the same.
Below is the media invite
ATTENTION: News/Sports Editors
EVENT: The Kenyan Premier League together with other stakeholders in the sports industry who include our key partner Football Kenya Federation, AFC Leopards SC, Gor Mahia FC, Boxing Association of Kenya, Kenya Rugby Union, rugby clubs, motorsports players, among others, invite you to a press conference to address our concerns over the proposed 50% tax on the gaming industry as stipulated in the Finance Bill 2017 that is currently before Parliament.
VENUE: The Sarova Stanley Hotel, Nairobi
DATE: Friday 19 May 2017
TIME: 10.30 AM
KEY SPEAKERS WILL INCLUDE; Kenyan Premier League and Gor Mahia FC Chairman Ambrose Rachier, KPL Chief Operations Officer Frank Okoth, AFC Leopards SC Chairman Dan Mule, FKF Officials, BAK President John Kameta, Kenya Rugby Union Chairman Richard Omwela and Kenya Harlequins officials