Basketball: NBBF Review Deal With Kits Manufacturing Company
Chinese Sportswear and equipment manufacturing giants, Peak Sports Products Co. Limited have met with the President of the Nigeria Basketball Federation, Engr. Musa Kida and some of its board members to review its sponsorship deal with Nigeria.
The delegation from Peak led by its Brand Vice Director, Tony Lin arrived Nigeria on Sunday and met with the federation on Monday and Tuesday to iron out grey areas surrounding the National Teams' kit sponsorship deal.
The long awaited meeting which is taking place 10 months after Kida assumed office was arranged by Peak and the federation to review all existing contractual arrangements between both parties.
Kida said the crucial meeting became necessary going by the recent stance of the Federation of International Basketball Associations (FIBA) in a letter dated 28th May, 2018 empowering the federation to “organise all aspects (including sporting and commercial) of Nigerian Basketball’s international representation”.
The meeting which also had in attendance NBBF Vice President, Babatunde Ogunade and Col. Samuel Ahmedu (rtd) provided the appropriate opportunity to evaluate the commitment of PEAK, terms and conditions of the deal signed by the former board and ways to maximize the benefits inherent therein.