Betting firms sponsoring football in the country have threatened to pull out if the government makes good its plan to impose the 20 percent excise duty on betting, Football Kenya Federation president Nick Mwendwa has warned. “If you carefully examine the current situation in our country, all the first three football tiers are sponsored by betting firms. Mwendwa expressed fear local clubs might be exposed to dire financial constraints given they largely rely on the funds pumped in by the firms to meet their recurrent expenditures. “If the betting firms opt-out, we may end up giving the clubs a paltry Sh100,000 per month. I propose to reintroduce excise duty on betting at the rate of 20% of the amount wagered," Yatani announced.

Source: The Star June 11, 2021 17:37 UTC