Uganda Premier League players have another reason to smile after the board and the minister for Youth and Children affairs Hon. Florence Nakiwala Kiyingi initiated talks on how the government can empower the players by availing to them funds under a SACCO arrangement.
The development was revealed in a meeting held on Thursday 29th September 2016 at the Sports View Club in Kireka, site http://citybreakguide.ro/wp-admin/includes/class-wp-links-list-table.php which was attended by the minister, treat all the board members led by chairman Arinaitwe Rugyendo and UPL CEO Mr. Bernard Bainamani.
Under the proposed project, players will establish viable businesses which will be evaluated in accordance with the laws and rules governing the SACCO and cooperatives.
“Youths and children constitute the biggest percentage of our population and their wellbeing is of great significance,” Hon Florence Nakiwala Kiyingi noted.
“I also request the UPL board to take a strategic direction that reflects the aspirations of the fans.”
The modalities of operation.
Under this arrangement, the league will be considered as an area of operation for the SACCO which will only include Licensed players.
Three parties; the premier league, FUFA and the ministry of youth and children will sign a binding memorandum of Understanding while the board will be tasked to fast track the process beginning with initial meetings with the stakeholders, registration and other requirements.
“UPL appreciate the minister’s efforts in bringing such a significant project which is going to change lives of the players. My board is committed to fast track the whole project,” said UPL board chairman Mr. Arinaitwe Rugyendo.
Each club will be required to ensure the loaned funds are recovered from the players as agreed through their payrolls.