MTC this week re-affirmed its support for sport development in the country when it adopted Salute Boxing Academy as the second stable to receive its financial support.
Salute Boxing Academy joins the Nestor Sunshine Boxing and Fitness Academy under a new sponsorship deal that will run from December 2018 until December 2021.
MTC announced a combined sponsorship of N$10 million, which will be shared equally between Salute Boxing Academy and Nestor Sunshine Boxing and Fitness Academy.
Each boxing academy will receive N$1,6 million per year over the duration of the sponsorship agreement, bringing the total investment per stable to over N$4,9 million after three years.
“MTC has been with the MTC Nestor Sunshine Promotions, Namibia and Africa’s leading Promoter for the past six years producing over 58 continental champions, four world titles, promoting over 14 world title fights,” John Ekongo, MTC’s Corporate Affairs and Communications Manager said.
Salute Boxing Promotions, although only three years in existence, has made great strides and has so far produced one continental champion and promoted nine fights.
“We are quite excited to welcome Salute Boxing Promotions to the MTC family and even more excited to have renewed our current relationship with the MTC Nestor Sunshine Promotions,” Ekongo said.
He said the sponsorship will be adjusted accordingly in line with inflationary increase every year.
“We are well aware that there are so many other promoters who struggle with funding because boxing is an expensive sport, and as much as we want to accede, we are simply unable to accommodate all of them, because often we are stretched beyond sustainability and carrying capacity,” Ekongo said.
“We, however, hope that our contribution will continue to make a positive impact to Namibian boxing and we will hold both promoters to very high existing standards, for we believe that both stables have quality young boxers who are ambitious and driven to become world champions,” Ekongo said.