So Sportpesa announced a deal to sponsor Hull City. We weren't told how much this deal is worth, only that it's a "multi-million pound" deal. Some (read Robert Alai) claim the deal is worth shs6 billion. I know, I know...Alai is not the most reliable source of information but just work with me here. Let's assume it's a "more reasonable" figure, relatively speaking, of shs2 billion.
Haya, after the Hull City deal, these niggas show up at Southampton FC, where they're announced as Southampton's official betting partner, whatever the hell that means.
Judging by how happy everyone in this photo is, the money was most likely paid upfront.
Remember there's also the Arsenal training camp program. I think that was worth kedo 400 milli, I'm not sure.
Locally, this company sponsors the Kenya Rugby Union (Sh 607 million), Kenyan Premier League (Sh 450 million), Gor Mahia (Sh 325 million) and AFC Leopards (Sh 225million).
During the Chase Bank fiasco, this company was rumored to have shs500 million lying there. If at all this rumor was true, the fact that such a disruption never affected them whatsoever just shows how much money they play around with. I'm kinda surprised greedy safaricom hasn't started a betting side hustle.
Remember Sportpesa started operations in 2014, so we're talking about a 2 year old company wielding this kind of financial muscle.
Which brings me to the subject of this thread: kwaniiii, nyinyi hukamuliva hivi vyooooote na Sportpesa? Yaani it's those tiny shs100 bets that translate into those billions that are being thrown around?
Don't get me wrong, I don't have a problem with Sportpesa. It's a free country, they're in business, they're not breaking any laws, and they're certainly not forcing anyone to place bets. There's no guarantee that if someone doesn't bet, they'll put that money to better use. I actually admire the way they've executed their business plan. I'm sure the owners never dreamed they'd be this successful. Plus allowing people to "bet as little as 100 shillings"? Genius move. It just proves that if you want to succeed in business, you can't afford to ignore the "kadogo economy".
I guess what I'm trying to ask, in so many words, is: can we really claim to be facing economic hardships when we're willingly handing over billions of shillings to a betting company?
Haya, after the Hull City deal, these niggas show up at Southampton FC, where they're announced as Southampton's official betting partner, whatever the hell that means.
Judging by how happy everyone in this photo is, the money was most likely paid upfront.
Remember there's also the Arsenal training camp program. I think that was worth kedo 400 milli, I'm not sure.
Locally, this company sponsors the Kenya Rugby Union (Sh 607 million), Kenyan Premier League (Sh 450 million), Gor Mahia (Sh 325 million) and AFC Leopards (Sh 225million).
During the Chase Bank fiasco, this company was rumored to have shs500 million lying there. If at all this rumor was true, the fact that such a disruption never affected them whatsoever just shows how much money they play around with. I'm kinda surprised greedy safaricom hasn't started a betting side hustle.
Remember Sportpesa started operations in 2014, so we're talking about a 2 year old company wielding this kind of financial muscle.
Which brings me to the subject of this thread: kwaniiii, nyinyi hukamuliva hivi vyooooote na Sportpesa? Yaani it's those tiny shs100 bets that translate into those billions that are being thrown around?
Don't get me wrong, I don't have a problem with Sportpesa. It's a free country, they're in business, they're not breaking any laws, and they're certainly not forcing anyone to place bets. There's no guarantee that if someone doesn't bet, they'll put that money to better use. I actually admire the way they've executed their business plan. I'm sure the owners never dreamed they'd be this successful. Plus allowing people to "bet as little as 100 shillings"? Genius move. It just proves that if you want to succeed in business, you can't afford to ignore the "kadogo economy".
I guess what I'm trying to ask, in so many words, is: can we really claim to be facing economic hardships when we're willingly handing over billions of shillings to a betting company?
