Global! SportPesa Set To Announce Sponsorship Of Formula 1 Racing Team

Kenyan betting giant, SportPesa, is set to announce a sponsorship deal of Racing Point Force India F1. The deal is said to be in the region of $8m in 2019 with an additional $2m each year if they remain up to 2021 i.e. $10m in 2020 and $12 in 2021. SportPesa has aggressively marketed its brand in its objective of becoming a global household name.

Apart from sponsoring the local sports scene, SportPesa has made deals with Everton, Arsenal, Torino among other global and European outfits.

This new venture into Formula 1 will be a boost in promoting F1 racing in Kenya and increase a fanbase that already exists.

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Racing Point is poised to announce a major new sponsorship deal💶 with online sports betting company SportPesa 🎰 for the 2019 F1 season! - The deal will be a title sponsorship arrangement, and SportPesa is understood to be paying $8 million for its first year followed by $10m in 2020 and a further $12m if they remain for 2021. - __________________________________________ 👤FOLLOW MY PARTNERS: @profitablesportsbettingf1 / @hotlapmode __________________________________________ HASHTAGS: #f1fanspage #f1 #formulaone #f12018 #race #racing #motorsport #grandprix #ferrari #mercedesamgf1 #mercedes #cars #hamilton #bottas #vettel #kimiraikkonen #videos #verstappen #alonso #danielricciardo #redbullracing #mclaren #formulauno #formula1 #senna #redbull #news

A post shared by F1FANSPAGE (@f1fanspageofficial) on Jan 21, 2019 at 1:39pm PST

The company's ability to make such huge investments in sports goes to show how much profit they make.

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