Lalitpur, December 15

Jawalakhel Youth Club and Prabhu Bank reached the sponsorship agreement ahead of the Qatar Airways Martyrs Memorial A Division League here today.

JYC President Mahendra Chhetri and Prabhu Bank CEO Ashok Sherchan exchanged the MoU at a signing ceremony. As per the deal, Prabhu Bank will be the main sponsor of the club for a period of one year and it will provide JYC with Rs 2.5 million. The club also announced Li-Ning and Star Hospital as other partners.

Li-Ning will provide sports kits worth Rs 1.2 million in a year, while Star Hospital will take care of medical, doctor, first aid and physiotherapist for the players.

Prabhu Bank CEO Sherchan said the objective behind the sponsorship was to help in the development of football. “We are not just the sponsors of the club, we want to contribute in the overall development of the sport,” said Sherchan. “We can also work on players’ insurance, establishment of academy, talent hunt programmes in mofussil among others,” he added.

“We have signed the one-year contract today and we can extend it depending on the progress of the club.”

JYC President Chhetri thanked Prabhu Bank for supporting the club. “This agreement will definitely help us in moving forward and we are hoping for the best results,” said Chhetry.

The officials along with All Nepal Football Association President Karma Tshiring Sherpa and JYC skipper Kuldeep Karki unveiled the club’s new jersey.

JYC’s best results in the league is the runners-up finish in 1982- 83 and they came third nine years ago.