RABUBI Posted January 17, 2018 Posted January 17, 2018 Saw yesterday Steinhoff ended all sports sponsorships. With KAP being part of Steinhoff, I assume they are on the lookout for new sponsors?
ChrisF Posted January 17, 2018 Posted January 17, 2018 Steinhoff has LOTS of business units ... and LOTS of sponsorships will be impacted ...
Jewbacca Posted January 17, 2018 Posted January 17, 2018 So is that also bye bye to the Varsity cup, varsity shield and internal league?! Hectic....
PhilipV Posted January 17, 2018 Posted January 17, 2018 On 1/17/2018 at 5:45 AM, Jewbacca said: So is that also bye bye to the Varsity cup, varsity shield and internal league?! Hectic....I reckon these tournaments will get new sponsors quickly and go on.
Captain Fastbastard Mayhem Posted January 17, 2018 Posted January 17, 2018 On 1/17/2018 at 5:56 AM, PhilipV said: I reckon these tournaments will get new sponsors quickly and go on.Yeah, they're not really grassroots / small tournaments & events. Steinhoff was a headline sponsor, sure, but there's tremendous exposure for a replacement in all of them. Chief amongst which - Varsity Cup. Joh. Tremendous exposure.
ChrisF Posted January 17, 2018 Posted January 17, 2018 On 1/17/2018 at 5:45 AM, Jewbacca said: So is that also bye bye to the Varsity cup, varsity shield and internal league?! Hectic.... They, Varsity Cup, confirmed that Steinhoff withdrew its sponsorship. https://rosebankkillarneygazette.co.za/224699/steinhoff-withdraws-sponsorship-from-varsity-cup/
Chingy182 Posted January 17, 2018 Posted January 17, 2018 I heard Markus Jooste will be standing at the waterpoints selling Steinhoff shares
Jewbacca Posted January 17, 2018 Posted January 17, 2018 On 1/17/2018 at 5:56 AM, PhilipV said: I reckon these tournaments will get new sponsors quickly and go on.It's big big big money... They sponsor all the kit for all the varsity Internal league teams, the main teams, the running of the event, the travel etc.... I'm not sure another sponsor will go in with such vigor. ha... I suppose Oakbay resources and KPMG are out too!
NicoR Posted January 17, 2018 Posted January 17, 2018 On 1/17/2018 at 5:45 AM, Jewbacca said: So is that also bye bye to the Varsity cup, varsity shield and internal league?! Hectic.... Pulled out of Varsity Cup as well. They were joint headline sponsor with FNB, so FNB will still run with it. As for Sani2C, I am sure KAP will continue with their sponsor. Quite a few Steinhoff subsidiaries already raised their own finance/capital to continue operating as stand alone entities.
Patchelicious Posted January 17, 2018 Posted January 17, 2018 On 1/17/2018 at 6:33 AM, Chingy182 said: I heard Markus Jooste will be standing at the waterpoints selling giving away Steinhoff sharesSelling means that somebody is buying, only people stupid enough to buy Steinhoff at the moment are all on Twitter being Cryptomaniacs....
FirstV8 Posted January 17, 2018 Posted January 17, 2018 The Blitz Boks sevens is also without a sponsor https://citizen.co.za/sport/south-africa-sport/sa-rugby-sport/1783266/more-steinhoff-drama-as-blitzboks-lose-their-sponsorship/ . I think the way they have performed lately they should not battle for a backer .
NicoR Posted January 17, 2018 Posted January 17, 2018 On 1/17/2018 at 6:36 AM, Jewbacca said: It's big big big money... They sponsor all the kit for all the varsity Internal league teams, the main teams, the running of the event, the travel etc.... I'm not sure another sponsor will go in with such vigor. ha... I suppose Oakbay resources and KPMG are out too! They started sponsoring the US in the early 2000's. I remember my res got the short end of the deal and I had a BIG Bull Brand Bully Beef logo on my rugby jersey....
Tromp Posted January 17, 2018 Posted January 17, 2018 On 1/17/2018 at 6:42 AM, NicoR said: They started sponsoring the US in the early 2000's. I remember my res got the short en of the deal and I had a BIG Bull Brand Bully Beef logo on my rugby jersey....Maybe more appropriate......just be careful of the ethnic group that display the logo . The Ladies-in-Red might have an issue.
PhilipV Posted January 17, 2018 Posted January 17, 2018 On 1/17/2018 at 6:36 AM, Jewbacca said: It's big big big money... They sponsor all the kit for all the varsity Internal league teams, the main teams, the running of the event, the travel etc.... I'm not sure another sponsor will go in with such vigor. ha... I suppose Oakbay resources and KPMG are out too!I think the way in which steinhoff was throwing a lot of money at a lot of things might have contributed to their need for creative accounting. And I agree, it will leave a void at the lower levels like koshuisrugby, but I reckon the sporting machine will roll on with other people throwing money at it. Wonder if CSA ever considered asking steinhoff for a sponsorship? But looking at how they ran things, they would have screwed that up as well.
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