The National Lotteries Commission (NLC) has confirmed its partnership with the SA Sports Confederation and Olympic Committee (SASCOC) in funding athletes and their programmes for Rio 2016 and beyond.
The sponsorship commitment, valued at R70m, will provide a much-need injection into addressing athletes' requirements in the lead up to the Rio Olympics.
The sponsorship commitment, valued at R70m, will provide a much-need injection into addressing athletes' requirements in the lead up to the Rio Olympics.
These funds are to be utilised towards the delivery of Team SA to the Olympic Games, Paralympic Games and the African Union Sports Council (AUSC) Region 5 Games. Some funds will be used for athlete preparation for these games.
It is the second major sponsorship that has come onboard with SASCOC in the past month after Telkom committed approximately R8m to the Olympic body, half of which will go towards the medal incentive pot, while the other half would be used to prepare the team for the Rio Games.
Ntshengedzeni Nevhutanda, chairperson of the NLC said: "Besides being the largest funder of sport in South Africa, the NLC has a long standing partnership with the Olympics and Paralympics through its relationship with SASCOC. We are very honoured to extend this association in the interests of our athletes who will be competing with the greatest of world sports.
"Through this historical alliance, we at the NLC have seen our athletes perform at the Olympics since South Africa was re-admitted into the global sports organization. We have witnessed the outstanding achievements of our sportsmen and women who have, on numerous occasions, brought us glory. The NLC is confident that our on-going partnership with SASCOC will bring continuous development and further success for our athletes.”
Gideon Sam, president of SASCOC said: "SASCOC would like to thank the NLC for the huge sponsorship they have contributed to Team SA. This relationship with the NLC is not new but dates back from the time when we re-entered the Olympic movement. The NLC has been involved in funding our development and OPEX programmes which ultimately results in the preparation of our world class athletes.
It is the second major sponsorship that has come onboard with SASCOC in the past month after Telkom committed approximately R8m to the Olympic body, half of which will go towards the medal incentive pot, while the other half would be used to prepare the team for the Rio Games.
Ntshengedzeni Nevhutanda, chairperson of the NLC said: "Besides being the largest funder of sport in South Africa, the NLC has a long standing partnership with the Olympics and Paralympics through its relationship with SASCOC. We are very honoured to extend this association in the interests of our athletes who will be competing with the greatest of world sports.
"Through this historical alliance, we at the NLC have seen our athletes perform at the Olympics since South Africa was re-admitted into the global sports organization. We have witnessed the outstanding achievements of our sportsmen and women who have, on numerous occasions, brought us glory. The NLC is confident that our on-going partnership with SASCOC will bring continuous development and further success for our athletes.”
Gideon Sam, president of SASCOC said: "SASCOC would like to thank the NLC for the huge sponsorship they have contributed to Team SA. This relationship with the NLC is not new but dates back from the time when we re-entered the Olympic movement. The NLC has been involved in funding our development and OPEX programmes which ultimately results in the preparation of our world class athletes.
"The public's support is also appreciated because the money they use to purchase lotto tickets go a long way towards supporting Team SA and adding to their success. We can assure the NLC that their support and continued association with SASCOC has enabled our athletes to compete at the highest levels of international sports. This sponsorship is an indication that the NLC has full confidence in our athletes as well as SASCOC's ability to deliver successful games."
By: sportingindustry.co.za
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