BetKing will sponsor the Premier League for five years and is expected to fork out up to KSh1.2 billion for the participating teams.
FKF President Nick Mwendwa has confirmed BetKing is the new Kenyan Premier League (KPL) sponsor.
BetKing will take the place that was left by the previous sponsor SportPesa, Part of the deal agreed between FKF and the new sponsor is the renaming of the competition and each club will receive Sh8 million yearly for the next five years when the new season begins under the reign of the national federation.
Mwendwa stated that the league will receive a first instalment of Sh236 million for the first year, confirming that a portion of this is set to be disbursed to the Federation in the next seven days.
According to the FKF boss, the amount yearly will rise by 5.5 percent in the first year while for the third year to the fifth year, it will rise by a massive 10 percent.
Mwendwa revealed that they will charge the KPL management to run the league, but notes they will need to move their headquarters to the FKF House.