Isotonic drinks replace
nutrients and fluids quickly, helping to prevent exercise-related injuries and
illness that may arise from loss of important minerals, dehydration and heat
stroke due to sweating during physical exercises.
Isotonic fluids are also
known to have six to eight percent carbohydrates, including glucose, the human
body’s preferred energy source for exercise.
The MoU, which is subject
to sign off of national distributors agreements and other regulatory approvals
was executed in London on Wednesday, June 7 with the LMC represented by the
Chairman, Shehu Dikko and iProsport represented by the Managing Director, Mr
Thomas Garrad. The deal is said to be the biggest natural ingredients sports
drink football sponsorship in the African continent and NPFL is the first
league on the continent to be associated with iProsport all natural ingredients
Sports drink. The tenure of the MOU is for 5 years.
It is considered a major
breakthrough and an international recognition and endorsement of the steady
growth recorded by the LMC in the revival of the Nigeria Professional Football
League, improved quality of administration, the quantum leap in followership
around the arenas and the media.
Nigerian businesses have
starved local football of patronage necessary to revive the game and allow it
reach its potentials of being a vibrant sub sector employing thousands of young
Nigerians. Last year, it is estimated that over N40 billion was funneled out by
Nigerian corporate organizations to sponsor foreign clubs and foreign league
broadcasts.
Mr Dikko describes
iProsports’ entry as “a strong message to businesses in Nigeria to embrace the
‘Buy Nigeria’ campaign. It can stimulate the economy and create more jobs
through the football industry. It certainly will add impetus to bringing back
the lost glory of our football”.
“The possibilities in this
deal is huge because the NPFL will stand to gain incremental fees for every
bottle of iProsport drink sold in the Nigerian market and the beauty is that
this is coming from a company that is yet to start operations in the country
when we have those reaping big profits from the Nigerian market taking out
money abroad to fund clubs and create jobs there”, Dikko said further of the
deal.
iPro Sport International
Limited’s leading sports drink product, iProsport will thus become the Official
Supplier of isotonic sport drinks to the NPFL and the 20 NPFL Clubs for a fee
of £1.5 pounds paid to NPPL for every pack (consisting of 12 bottles) of
iProsport drink supplied to the Nigerian Market with a target to commence with
a shipment of minimum of 213,333 packs which guarantees NPFL a fee of £320, 000
British Pounds (about N165.4m) when fully activated.
Furthermore the NPFL would
receive an additional fee of £0.5 pounds for every pack supplied to the
Nigerian market above the guaranteed 213,333 packs projected in annual sales, guaranteeing
a further revenue stream for NPFL from every bottle of iProsport drink consumed
in the Nigerian Market.
In addition to the cash
backing for the deal, the company will also provide through its products and
equipments to all NPFL Clubs and to the LMC for use throughout the NPFL season
as well as support NPFL capacity development programs.
iPro Sport International
Limited’s projection, according to Garran, the Managing Director is to open a
production factory in Nigeria subject to market response to their entry into
the Nigerian market and successful implementation of the deal with the LMC. The
objective is to use Nigeria as a hub to provide the products to regional
neighbours and in the process create jobs in Nigeria.
Meanwhile, the growing appeal
of the NPFL has been captured in the steady growth of its online followership
on the website alone which totaled 39,545,924 from January to May 2016 with the
highest traffic recorded in May with over 7m hits.
The Google Analytic report
showed that interest in the NPFL outside Africa is higher in the USA (992, 865)
and Britain (284, 436). South Africa (438, 492) and Ghana (60, 018) top the
list of African countries with online followership of the NPFL during the
period under review. In Nigeria alone, there are over 4.7m followers.
On the social media, the
NPFL twitter handle with a total of over 35,000 followers recorded total
5,230,000 impressions for the month of May with a daily impression of 168, 700.
On Facebook, the total reach from May 6 – June 2, 2016 was 68, 528 and a total
page view of 32, 568 within the same period.
The British company’s MD,
Garrad said iProsport International Limited is interested in the Nigerian
market and has found the NPFL as the vehicle to drive their entry and
acceptance to the new business territory. iProsport drink, a natural isotonic
drink is the official sport drink of English and Scottish Premier League clubs,
Norwich and Dundee United and a host of English Premiership, Championship and
League 1 clubs. iPro Sport also has the naming rights to the Derby County
stadium and is involved in the sponsorship of several sports such as a Rugby,
Marathon, Athletics, UK School Sports and is the official sport drink of the UK
Army.
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