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Kasarani now Safaricom Stadium
Rank: Elder Joined: 12/27/2012 Posts: 2,256 Location: Bandalungwa
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I see giant billboards of some sports people posted . I would be curious to find out which sports people were chosen. The only one I recognize is Wanyoike the blind runner.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Can't an independent valuation of the MISC Kasarani branding rights be done then we know what its worth? 55M does seem like pittance..maybe Sumsung could afford triple.. Let SMB advertise MISC branding and let the best bid win.
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Rank: Member Joined: 9/9/2010 Posts: 784 Location: ant hill - red hill
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Am assuming 55M is for 2 years, so 27.5M per year. Thats over $300K per year of new revenue. Not bad for a start, in 2 years time there will probably be a bidding war which other companies may come in and may substantially raise the price. I hope Safaricom deal will enable us to get a world class pitch which we can play on when its raining. The greatest act of bravery is chancing a fart while suffering from diarrhoea
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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if you ask me Moi has never ever paid anything for the Stadiums named after him so... 55m will 'buy a button' All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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safariant wrote:Am assuming 55M is for 2 years, so 27.5M per year. Thats over $300K per year of new revenue.
Not bad for a start, in 2 years time there will probably be a bidding war which other companies may come in and may substantially raise the price.
I hope Safaricom deal will enable us to get a world class pitch which we can play on when its raining. Why wait 2 years when you could know what it's worth now is and deliver value? It's not a begging mission.
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Rank: Elder Joined: 12/27/2012 Posts: 2,256 Location: Bandalungwa
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55m may be a pittance but there are no other offers so Safaricom's offer must be taken because it is the only offer on the table.
I am sure that if naming rights of Kasarani were more valuable, companies would be lining up to make an offer. You really do not need to advertize because naming rights is a common concept.
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Rank: Member Joined: 9/9/2010 Posts: 784 Location: ant hill - red hill
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ecstacy wrote:safariant wrote:Am assuming 55M is for 2 years, so 27.5M per year. Thats over $300K per year of new revenue.
Not bad for a start, in 2 years time there will probably be a bidding war which other companies may come in and may substantially raise the price.
I hope Safaricom deal will enable us to get a world class pitch which we can play on when its raining. Why wait 2 years when you could know what it's worth now is and deliver value? It's not a begging mission. Because SSMB had advertised for it and am sure Safcom had the best bid. The greatest act of bravery is chancing a fart while suffering from diarrhoea
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Let SSMB come out and verifiably explain how they arrived at Safaricom as the winner of the branding rights to this national asset. This will help clear any doubts on the transparency and value of this deal.
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Rank: Member Joined: 4/25/2011 Posts: 368 Location: Nairobi
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ecstacy wrote:Can't an independent valuation of the MISC Kasarani branding rights be done then we know what its worth? 55M does seem like pittance..maybe Sumsung could afford triple.. Let SMB advertise MISC branding and let the best bid win. Perfect. This is the right process. However, our MP,s cannot see this and are just talking about other silly things. When you have a President who needs reassurance to know he is President, he will name everything after himself. Thank God, we finally checked his term other wise may be we would be having a Moi Public Toilet on one of the street's in Nairobi.
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Rank: Member Joined: 4/25/2011 Posts: 368 Location: Nairobi
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Just heard on Citizen that other than the Kshs 55M, Safaricom was do to some rehabilitation and other improvements. The total deal is actually worth about 200 Million.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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tassia wrote:Just heard on Citizen that other than the Kshs 55M, Safaricom was do to some rehabilitation and other improvements. The total deal is actually worth about 200 Million. Yeah, heard the same on Citizen. It seems better than reported. However, the Chinese rehabilitated the place and handed over this year. So I'd be interested in other than a SCOM colors paint job, what else these 'rehabilitation' works SCOM talk about are? NB: My previous query on process still stands.
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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ecstacy wrote:Can't an independent valuation of the MISC Kasarani branding rights be done then we know what its worth? 55M does seem like pittance..maybe Sumsung could afford triple.. Let SMB advertise MISC branding and let the best bid win. Unless he lied in National TV, an official from SMB said clearly that they advertised and safcom gave the best offer...please listen to the youtube link at the beginning of this post and comment.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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washiku wrote:ecstacy wrote:Can't an independent valuation of the MISC Kasarani branding rights be done then we know what its worth? 55M does seem like pittance..maybe Sumsung could afford triple.. Let SMB advertise MISC branding and let the best bid win. Unless he lied in National TV, an official from SMB said clearly that they advertised and safcom gave the best offer...please listen to the youtube link at the beginning of this post and comment. Thanks Washiku. As per that link, unless someone has something new, all seems above board..
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Rank: Member Joined: 4/25/2011 Posts: 368 Location: Nairobi
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ecstacy wrote:washiku wrote:ecstacy wrote:Can't an independent valuation of the MISC Kasarani branding rights be done then we know what its worth? 55M does seem like pittance..maybe Sumsung could afford triple.. Let SMB advertise MISC branding and let the best bid win. Unless he lied in National TV, an official from SMB said clearly that they advertised and safcom gave the best offer...please listen to the youtube link at the beginning of this post and comment. Thanks Washiku. As per that link, unless someone has something new, all seems above board.. Good. Seems all procedure was followed. The issue is now with the Committee of Parliament and I hope they will not do the silly thing of rejecting it because the taxpayer will have to refund Safaricom for all the money they have used on the Stadium. Why is it that it is only URP MP's who are against it?
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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I believe this is a very positive step. Govts. have consistently failed in the upkeep of all sports facilities.
BBI will solve it :)
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Rank: Member Joined: 7/24/2009 Posts: 273
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If the Coca Cola deal was never politicized, we would be having an executive Nyayo National stadium today, the name having reverted after 3 yrs. These RV guys are the same ones who protested then... ebu watueleze what they have against prim n proper stadia?
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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tassia wrote:ecstacy wrote:washiku wrote:ecstacy wrote:Can't an independent valuation of the MISC Kasarani branding rights be done then we know what its worth? 55M does seem like pittance..maybe Sumsung could afford triple.. Let SMB advertise MISC branding and let the best bid win. Unless he lied in National TV, an official from SMB said clearly that they advertised and safcom gave the best offer...please listen to the youtube link at the beginning of this post and comment. Thanks Washiku. As per that link, unless someone has something new, all seems above board.. Good. Seems all procedure was followed. The issue is now with the Committee of Parliament and I hope they will not do the silly thing of rejecting it because the taxpayer will have to refund Safaricom for all the money they have used on the Stadium. Why is it that it is only URP MP's who are against it? Waambiwe Jina la MOI ni jina Kubwa  it is not being replaced it is only the football stadium that has been renamed. The complex is still Moi International Sports Centre Kasarani Ishakuwa "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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