24 January 2018

Africa: From His Earnings, Sanchez Can Easily Run Kenyan Sport

Photo: Manchester United
Alexis Sanchez (file photo).

Alexis Sanchez did not only become the first Chilean to sign for Manchester United, but also the highest-paid player in the English Premier League.

The 29-year-old completed his transfer from Arsenal to Old Trafford on Monday, signing a four-and-a-half year contract.

AFP reports that the striker will pocket $695,000 a week (approximately Sh71 million) totalling to Sh284 million a month, before tax. In a year, he will earn Sh2 billion after tax, according to the BBC.

The figures are getting steadily more ridiculous amongst local sports fans, but did you know how valuable that money can be to Kenyan sports industry?

The Football Kenya Federation (FKF) and Kenya Rugby Union (KRU), for instance, require approximately Sh300 million each to foot their annual costs while Kenyan Premier League (KPL) limited spends around Sh250 million per annum in running the local league and other administrative engagements.

What Sanchez will earn in 12 weeks (three months) can be enough to fund the three bodies in a year while his weekly earnings of Sh71 million can comfortably run a Kenyan club for a season.

Record champions Gor Mahia and rivals AFC Leopards are reported to be receiving Sh60 million and Sh45 million a year from shirt sponsors SportPesa, money that can be paid in two weeks by the Chilean who was thrilled by his move to "the biggest club in the world."

One needs roughly Sh30 million to effectively run a club in Kenya, says Kakamega Homeboyz patron Cleophas Shimanyula. "Around Sh19 million goes to salaries but there are other logistics as well. For us, this year will be much better after sealing sponsorship with the county government of Kakamega that has enabled us recruit quality players than before thanks to the topped up budget."

The government on the other hand promised Sh500 million to fill up the gap left by betting giants SportPesa who withdrew from all local sponsorships early this month citing increased tax on betting firms.

Though their deals were valued at about Sh600 million annually, this figure can be withdrawn from Sanchez's account from his three months' income.

More on This

Sanchez to Manchester United, Mkhitaryan to Arsenal - Who Got the Better Deal

The transfer saga that has led the January transfer window was finally put to bed on Monday. Read more »

See What Everyone is Watching

Copyright © 2018 The Nation. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.