Weekend reports suggested that the bank, sponsors of Soweto giants Kaizer Chiefs and Orlando Pirates, was also interested in adding the Brazilians to its list of sponsored teams, but Clement Motale, Standard Bank’s Director of Group Sponsorships, dismisses the reports, saying they are unfounded.
“Once again, it is all speculation. We have had no formal approaches from any party regarding the sponsorship of Mamelodi Sundowns,” he says.
The reports came following the end of a three-year marriage between Sundowns and mobile cellular network giant MTN.
MTN said it would not renew the sponsorship agreement when it lapses at the end of this season after the parties failed to reach an agreement during the renegotiation phase of the contract.
Sundowns’ Media and Communications Manager Mahlatse Mphahlele acknowledges that the club will soon need financiers following the developments.
“Football is an extremely expensive business and we don’t expect our president to run the club alone. We need our partners to assist us with their resources as we try to contribute to the development of football in South Africa.”
Weekend media reports suggested that Standard Bank had shown an interest to forge ties with the Chloorkop-based outfit.
In 2006, the bank renewed its investment in South African soccer giants Kaizer Chiefs and Orlando Pirates, with a five-season deal valued at R70 million.
Over the contractual period, ending in 2011, Standard Bank will inject R30 million into each of the two clubs.